RNS Number : 5021A
Endace Limited
09 October 2009
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FOR IMMEDIATE RELEASE
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9 October 2009
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ENDACE LIMITED
HALF YEAR TO 30 SEPTEMBER 2009: 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 2009.
TRADING UPDATE
Endace expects to report revenues for the first half of approximately US$13.7 million and profit before tax, adjusted for share option costs, of US$0.5 million.
Mike Riley, Endace's Chief Executive Officer, commented:
"Given world economic conditions, I am pleased with the progress Endace made in the first half of the year. For the first time, sales of our Ninja platforms and appliances exceeded sales of DAG cards, a significant milestone in our evolution. We have maintained our Research and Development spending, and continue to keep tight control over other costs. While customers still show caution over investment decisions, we enter the second half with a healthy order backlog and confidence in meeting market expectations for the full year."
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CONTACTS:
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Endace Limited
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John Scott, Deputy Chairman (UK)
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+44 7786 543462
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Dr Ian Graham, Chairman (NZ)
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+64 9 582 0360
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Mike Riley, CEO
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+64 9 582 0360
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Neil Hopkins, Group Finance Director
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+64 9 582 0360
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Weber Shandwick Financial
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Nick Oborne / Stephanie Badjonat
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+44 20 7067 0700
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Panmure Gordon
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Edward Farmer
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+44 20 7459 3600
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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.
This information is provided by RNS
The company news service from the London Stock Exchange
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