Radware revenue up 17% at $45.0 million in Q1 2012

Telecom Lead America: Radware, a provider of
application delivery and application security solutions for
virtual and cloud data centers, has reported revenues of $45.0
million for the first quarter of 2012, up 17 percent as compared with
revenues of $38.6 million for the first quarter of 2011.


Net income for the first quarter of 2012 was $6.9
million as compared with net income of $4.4 million for the
first quarter of 2011.


The company posted gross profit of $36.4 million for the
first quarter of 2012, against $30.7 million for the same quarter of last year.


At the end of the first quarter 2012, the company’s
overall cash position including cash, short-term bank deposits and marketable
securities amounted to $238.8 million, representing an increase in the
company’s cash position of approximately$19.7 million in the first quarter
of 2012.


The company’s R&D expenses were recorded at $9.1
million for Q1 2012, against $8.7 million for the same period of 2011.


The company’s total operating expenses stood at $ 30.2
million for the first quarter of 2012, as compared with $27.4 million for the
same quarter of previous year.


“We enjoyed very strong business traction this past
quarter. Increased demand in the Americas for our application delivery and
security solutions has stimulated this growth as key customers and channels benefit
from and recognize the unique differentiators we have to offer in these
areas,” said Roy Zisapel president and chief executive officer, Radware.


During the first quarter 2012, Radware extended Red Hat
Enterprise Virtualization Ecosystem by Offering Virtual Application Delivery
Solution for Red Hat Users.


Furthermore, Radware launched its Alteon 5224 application
delivery controller (ADC) for enterprises.


The Alteon 5224 delivers on demand throughput scalability,
highest and port density, while offering the 10GE connectivity and ADC
virtualization capabilities.


Radware joins the Open Networking Foundation


Recently, Radware joined the Open Networking Foundation
(ONF), a non-profit organization dedicated to promoting a new approach to
networking called Software-Defined Networking (SDN).


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