Radware (Nasdaq: RDWR), a leading provider of Intelligent Traffic Management (ITM) solutions that bring certainty to dynamic networks, ensuring optimal, continuous, personalized and secure service, today is pleased to report that first quarter 2001 revenues increased to $12.8 million, an increase of 96% compared with $6.5 million from the same period of 2000.
Net income for the first quarter of fiscal 2001 was $2,064 thousand or $0.12 per diluted share, compared to net income of $856 thousand or $0.05 per diluted share in the same period of 2000.
"We are pleased to report a profit for the sixth consecutive Quarter," stated Roy Zisapel, President and CEO of Radware. "Our revenues reflect Radware's technological leadership and we remain focused on extending our intelligent traffic management solutions to meet our customers growing needs."
"Despite the market slowdown, Radware continued to meet expectations as sales from all regions and channel partners were strong. We are able to deliver significant revenue and earnings growth, which clearly reflects the strength of our products."
During the quarter ended March 31, 2001, RADWARE released the following significant announcements:
- Radware's WSD named a 2001 finalist by Network Computing for Well-Connected Award
- Radware announces high-end LinkProof
- Radware - The Market Leader in Firewall Traffic Management - increases speed and functionality in its Fireproof product
- Radware announces it's new SSL Accelerator. A new product in the CertainT series of application services
- Radware and e2Home join forces to create the intelligent home of today
- Radware joins CacheFlow Ace partnership, delivers cIQ-Powered Solution
- Radware Implements its Award Winning Traffic Management Solutions at Credit du Nord
- Radware's FireProof high availability with load balancing product receives OPSEC certification for check point VPN-1/Firewall-1
Company management will host a quarterly investor conference call at 8:45 AM EST on Monday, April 30, 2001. The call will focus on financial results for the quarter ended March 31, 2001, and certain other matters related to the Company's business.
The conference call will be webcast on Monday, April 30th at 8:45 AM (EST) In the "listen only" mode via the Internet at http://www.radware.com/content/about/investor.htm
About Radware
Radware's suite of Intelligent Traffic Management (ITM) products is designed to optimize the end user experience by eliminating network uncertainty and downtime. Radware's product line combines its latest application switching technology and architecture with the company's industry proven traffic management software to help users keep their sites available 24 hours a day. Radware offers a broad range of ITM solutions to service providers, e-commerce businesses and corporate enterprises that require uninterrupted availability and optimal performance of IP-based applications. Users receive optimal, continuous, secure and personal service with the use of Radware's award-winning ITM solutions: Web Server Director, Cache Server Director, FireProof and LinkProof. Radware's Application Switches bring certainty to dynamic networks with products that guarantee the best service from click to content. Get certain with Radware. For more information, please visit us at http://www.radware.com
This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks and uncertainties include, but are not limited to: market demand for the company's products, successful implementation of the company's products, economic and competitive factors, international market conditions, technological developments, the ability to finance operations and other factors which are detailed in the company's SEC filings.