15 April 2009
Period End Trading Update; Year To 31st March 2009
Endace Limited ("Endace") (AIM: EDA, "the Company"), a world leader in network monitoring solutions, provides an update on trading following the end of its financial year to 31 March 2009.
TRADING UPDATE
Results for the year are expected to be consistent with our trading update on 12 February 2009. The Company expects to report revenues of approximately US$30.3 million (2007/8: US$24.2 million) and profit before tax and share option charge of approximately US$5.1 million (2007/8: US$4.8 million).
Endace's Chief Executive Officer, Mike Riley, commented:
"While our markets continue to be challenging, we have seen good levels of activity and spending in the telecommunications and government sectors, and we have won some significant new accounts in the closing months of the year, including customers in financial services. A number of these wins reflect the technical leadership of our product and service offering. We have taken action to reduce our cost base but continue to make careful investment in certain markets, such as Asia Pacific, where we are making good progress and seeing new opportunities. Despite the difficult economic environment, Endace has been successful growing its revenues by twenty five percent in the past year, as well as making significant additions to our intellectual property portfolio."
Announcement of Preliminary Results
Endace plans to report preliminary results for the year ended 31 March 2009 on Tuesday, 19 May. 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 +64 9-582-0360
Neil Hopkins, Group Finance Director +64 9-582-0360
Weber Shandwick Financial
Nick Oborne / Stephanie Badjonat +44 (0)20-067-0700
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.
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.