12 October 2010
Half Year To 30 September 2010: Period End Trading Update
Endace Limited (“Endace”) (AIM: EDA, “the Company”), a world leader in network monitoring solutions, provides an update on performance for the half year ended 30 September 2010.
Trading Update
Revenues for the six months to 30 September 2010 are expected to be approximately US$13.6 million and we expect to report a loss before tax, adjusted for share option costs, of approximately $1.3 million. Cash balances at 30 September 2010 were $1.3 million.
As we indicated at our final results in May 2010, we have invested further in expanding our sales and service capability in the US and EMEA, an investment which we are confident will underpin future growth.
CEO Mike Riley said “We are experiencing increasing interest and demand for our products and solutions to protect critical infrastructure, particularly from the financial services sector. Our pipeline is excellent and we are confident of meeting expectations for the year”.
Announcement of half yearly results
The half yearly results for the six months ended 30 September 2010 will be announced on Tuesday 2 November 2010. An analyst briefing will take place on the morning of that date at Weber Shandwick Financial, Fox Court, 14 Gray's Inn Road, London, WC1X 8WS.
Ends
CONTACTS:
Endace Limited
Mike Riley, CEO +44 20 7067 0700
Neil Hopkins, Group Finance Director +64 9 582 0360
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 and USA. Quoted on AIM, the stock code is LSE: EDA. For further information: http://www.endace.com
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