Radware Reports 4Q 2000 Results


TEL AVIV, ISRAEL February 5, 2001 02:00 PM

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 fourth quarter 2000 revenues increased to $12.3 million, an increase of 145% compared with $5.0 million from the same period of 1999. Annual revenues for the year 2000 increased by 171% to $38.4 million compared with sales of $14.1 million during the year 1999.

Net income for the fourth quarter of fiscal 2000 was $2,084 thousand or $0.12 per diluted share, compared to net income of $517 thousand or $0.03 per diluted share in the same period of 1999, and to net income of $1,571 thousand or $0.10 per diluted share for the third quarter of fiscal 2000.

Net income for the fiscal year 2000 was $6,086 thousand or $0.35 per diluted share, compared to net income of $280 thousand or $0.02 per diluted share for the year 1999.

"As the only vendor focused solely on providing traffic management solutions, we continued to increase our market share. The fact that we won last week's Network Computing Editor's Choice award, furthermore emphasizes our strong position in the market." said Roy Zisapel, President and CEO of Radware.

"The fourth quarter results clearly demonstrate the strength of our innovative product line as well as the strong global organization we have established." said Mr. Meir Moshe, CFO of Radware.

During the quarter that ended on December 31, 2000, Radware released the following significant announcements:

  • Radware's Web Server Director wins Network Computing Editor's Choice Award
  • Radware Opens Fifth European Office
  • Radware comfortable with revenue and earnings per share street expectations
  • Continental Airlines chooses Radware's high performance Intelligent Network Solutions
  • Radware and Dimension Data i-Commerce Sign Cooperation Agreement
  • Comverse and Radware join forces to focus on broadband market
  • Radware teams with Compaq to deliver a high performance intelligent network caching solution
  • Axent's Webthority certifies Radware's Fireproof to provide high-availability load-balancing solution
  • Radware introduces robust voice over IP application switching in its award-winning web server director

Company management will host a quarterly investor conference call at 8:45 AM (EST) on Tuesday, February 6, 2001. The call will focus on financial results for the quarter and the year ended December 31, 2000, and certain other matters related to the Company's business.

The conference call will be webcast on Tuesday, February 6th at 8:45 AM (EST) in the "listen only" mode via the Internet at http://biz.yahoo.com/cc/2/2622.html and also available at http://www.streetfusion.com.

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 Radware 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.

 

 

 

 

 

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