Radware ups sales, profits once again

Israeli application delivery networking and security vendor Radware turned in another record set of revenues Tuesday, posting sales of $35.2m (£22.64m), up 30% year-on-year, with GAAP net income up to $1.4m, reversing a $1.7m loss in the year-ago quarter. Including cash, short and long-term ba

Israeli application delivery networking and security vendor Radware turned in another record set of revenues Tuesday, posting sales of $35.2m (£22.64m), up 30% year-on-year, with GAAP net income up to $1.4m, reversing a $1.7m loss in the year-ago quarter.

Including cash, short and long-term bank deposits and marketable securities, the firm's cash position now amounts to $149.2m, up $35m in the past 12 months as Radware continues to bed in its 2009 acquisition of the Nortel Alteon business.

"Radware has steadily delivered quarter-over-quarter gains for five quarters running now. This continued increase in revenues, in combination with our increase in market share, is a clear indication of our sustained business strength," said president and CEO Roy Zisapel in a statement.

"We believe that with our investments in R&D, differentiated market opportunities and expanded field operations we can continue to grow both top and bottom lines," he added.

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