Radware (NASDAQ: RDWR), the leading provider of intelligent integrated solutions for ensuring the fast, reliable and secure delivery of networked and web-enabled applications over IP, today announced that based on preliminary financial information it expects its revenues for first quarter of 2007 to be approximately $20 million, which is slightly less than the previous guidance of revenues of $21-22 million. Consequently, Radware expects to incur a net loss for the quarter compared to the previous guidance of a break even quarter. The final results will be presented prior to the management conference call on May 2nd, 2007.
"Revenues are expected to be flat compared to the first quarter of 2006,"said Roy Zisapel, President and CEO of Radware. "However, we expect to see renewed growth in the second half of 2007 based on the completion of a sales force restructuring in key territories and new introductions to our product portfolio," said Mr. Zisapel.
Radware management will host a Conference Call on May 2nd, 2007 at 8:45 AM EDT, to discuss its first quarter results. Dial-in and webcast information will be provided prior to the call.
About Radware
Radware (NASDAQ:RDWR) is the global leader in integrated application delivery solutions, assuring the full availability, maximum performance and complete security of all business critical networked applications while dramatically cutting operating and -scaling costs. More than 5,000 enterprises and carriers worldwide use Radware application-smart switches to drive business productivity and improve profitability by adding critical application intelligence to their IP infrastructure, making networks more responsive to specific business processes. Radware's APSolute product family provides the most complete set of application front-end, remote access and security capabilities for application-smart networking to ensure faster, more reliable and secure business transactions. Learn more on how Radware application delivery solutions can enable you to get the most of your investments in IT infrastructure and people. www.radware.com.
This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching industry, changes in demand for Application Switching products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.
Meir Moshe, Radware Ltd.; 011-972-3766-8610 or
meirm@radware.com
Investor Relations: Dennis S. Dobson; 203-255-7902 or
IR@radware.com