19 May 2009
Full Year Results For The Year Ended 31 March 2009
Endace Limited (LSE/AIM: EDA, "Endace" or "the Company"), a world leader in network monitoring solutions, announces full year results for the year ended 31 March 2009.Highlights
- Year of contrasting market conditions
- Continued growth in revenues and profits
- Revenues increased by 26% to US$30.4 million (2008: US$24.2 million)
- Profit before tax of US$4.7 million (2008: US$4.5 million)
- Adjusted profit before tax of US$5.3 million (2008: US$5.2 million)*
- Sales growth across all target geographic markets - EMEA (up 22%), North America (up 40%) and Asia Pacific (up 65%)
- Good level of contract wins, partnerships and agreements across all sectors
- Cost base re-aligned to reflect more challenging economic environment
- Continued investment for the future
- Confidence in prospects
Endace Chief Executive, Mike Riley, commented:
"Revenues in the early months of the current year are in line with our expectations, with the telecommunications and government sectors remaining healthy and financial services markets showing signs of recovery. We recognise the need for caution in the current world economic climate but remain confident in our prospects for 2009/2010."
*Adjusted profit before tax is before share option cost, restructuring charges and exceptional provisions
Ends
CONTACTS:
Endace Limited
Mike Riley, CEO +44 (0)20-7067-0700
Neil Hopkins, Group Finance Director +44 (0)20-7067-0700
Weber Shandwick Financial
Nick Oborne / Stephanie Badjonat +44 (0)20-7067-0700
Panmure Gordon
Edward Farmer / Ashton Clanfield +44 (0)20-7459-3600
About Endace
For organisations that rely on their IP networks to do business, Endace provides high performance traffic analysis, latency measurement, network security and application acceleration solutions that capture, inspect and report on every single data packet. Our product portfolio includes high-speed packet capture technology, open development environments, multi-function network monitoring appliances and a comprehensive range of powerful yet intuitive management, measurement, alerting and analysis applications. We enable our customers to be confident in their service performance, traffic monitoring, information security, and regulatory compliance. Based in Auckland, New Zealand, Endace also has offices in the UK, USA and Singapore. Quoted on AIM, the stock code is LSE: EDA. For further information: http://www.endace.com
Endace, the Endace logo, DAG and NinjaProbe are trademarks or registered trademarks in New Zealand or other countries of Endace Technology Limited. All other trademarks may be the property of their respective holders.