04 November 2008

Half yearly results for the six months period ending 30 September 2008

Endace Limited (LSE/AIM: EDA, “Endace” or “the Company”), a world leader in network monitoring solutions, announces interim results for the half year ended 30 September 2008.

Highlights

• Period of excellent progress
• Strong financial performance
• Revenues increased by 62% to US$13.5 million (2007: US$8.4 million)
• Profit before tax increased by 73% to US$1.8 million (2007: US$1.0 million)
• Margins continue to grow
• Good growth across all key vertical industry markets – government, telecommunications service providers and financial institutions
• Good growth across all target geographic markets – EMEA (up 74%), North America (up 61%) and Asia Pacific (up 150%, adjusted for discontinued legacy supply chain distribution revenue)
• Continued investment for the future
• Strategy unchanged and working
• Prospects good

Endace Chief Executive, Mike Riley, commented:
“We have had an excellent half year, having built strong momentum across all our geographic and sector markets, and our pipeline of opportunities continues to increase. Our investment programme aimed at creating a company capable of sustained, profitable growth is proving successful. We currently have a platform of sales opportunities which continues to underpin our confidence in meeting expectations for the full year. We recognise the need for caution in such a volatile global economic environment, and will continue to monitor progress in order to ensure revenues and expenses are aligned to deliver the continued profitable, cash-generative growth of our business”.

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
Ian Bailey / Nick Oborne / Stephanie Badjonat: +44 (0)20-7067-0700
Panmure Gordon
Edward Farmer +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.