Business
Radware Announces Fourth Quarter and Full Year 2019 Earnings
Fourth Quarter 2019 Results and Financial Highlights Record Revenues of $67.4 million, up 6% from the fourth quarter of 2018Non-GAAP operating income and
About this update from Radware Ltd.
[{"type":"text","content":"Fourth Quarter 2019 Results and Financial Highlights\n Record Revenues of $67.4 million, up 6% from the fourth quarter of 2018Non-GAAP operating income and margin of $9.5 million and 14%, respectivelyNon-GAAP EPS of $0.23; GAAP EPS of $0.15 Full Year 2019 Results and Financial Highlights Record Revenues of $252.1 million, up 8% from 2018Non-GAAP operating income and margin of $33.5 million and 13%, respectivelyNon-GAAP EPS of $0.84, up 53% from 2018; GAAP EPS of $0.47Net cash provided by operating activities of $53 million TEL AVIV, Israel, Feb. 12, 2020 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced its consolidated financial results for the quarter and year ended December 31, 2019. “We are pleased with our performance in the fourth quarter, with record quarterly bookings and revenues,” said Roy Zisapel, Radware’s President & CEO. “Radware today is at a stronger financial, technological and competitive position than it has ever been. The intensity and complexity of the cyber-attacks landscape continue to drive demand for managed security services and strong growth in our cloud and subscriptions business. We look forward to continuing to bring value to our customers as we address additional cyber security challenges, while delivering growth and profitability.” Financial Highlights for the Fourth Quarter of 2019Revenues for the fourth quarter of 2019 totaled $67.4 million, up 6% from revenues of $63.8 million for the fourth quarter of 2018: Revenues in the Americas region were $29.7 million for the fourth quarter of 2019, up 7% compared to revenues of $27.7 million in the fourth quarter of 2018.Revenues in the APAC region were $17.1 million for the fourth quarter of 2019, up 32% from revenues of $12.9 million in the fourth quarter of 2018.Revenues in the EMEA region were $20.6 million for the fourth quarter of 2019, down 11% from revenues of $23.2 million in the fourth quarter of 2018. Net income on a GAAP basis for the fourth quarter of 2019 was $7.3 million, or $0.15 per diluted share, compared with net income of $7.9 million, or $0.16 per diluted share, for the fourth quarter of 2018. Non-GAAP net income for the fourth quarter of 2019 was $10.9 million, or $0.23 per diluted share, compared with non- GAAP net income of $11.4 million, or $0.24...