25 May 2010
Full Year Results For The Year Ended 31 March 2010
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 2010.
Highlights
- Year of continued development of the business
- Launch of products in Cyber Security market, which holds significant opportunity for Endace
- Good progress in penetration of financial services analytics sector
- Systems sales overtook DAG card sales, demonstrating successful progression of products up the value chain
- Modest sales growth to US$31.0 million achieved in difficult trading conditions
- Costs contained, despite strong NZ dollar
- Increased investment in R&D
- After taking into account a $1.2 million provision for an overdue receivable, profit before tax was US$379,000, before share options
- The sales pipeline is the strongest we have ever seen
Endace Chairman, Ian Graham, commented:
“The year to 31 March 2010 was a one of continued development of our business, with significant progress in penetrating both the financial services analytics sector and the Cyber Security market. It has also been a challenging year for us, with our sales growing more slowly than we had hoped as our customers coped with the effects of the worldwide recession.
“While there still remains considerable uncertainty in the world economy, we continue to experience increasing interest and demand for our products and solutions to protect critical infrastructure. I look forward to Endace making further progress this year and have great confidence in our prospects.”
Download the full release (PDF).
Ends
CONTACTS:
Endace Limited
Mike Riley, CEO +44 20 7067 0700
Neil Hopkins, Group Finance Director +44 20 7067 0700
Weber Shandwick Financial
Nick Oborne / Stephanie Badjonat +44 20 7067 0700
Panmure Gordon
Edward Farmer +44 20 7459 3600
About Endace
For organizations 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.
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.