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Friday 09 October, 2009

Endace Limited

Period End Trading Update

RNS Number : 5021A
Endace Limited
09 October 2009
 





FOR IMMEDIATE RELEASE

9 October 2009



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."  


Ends


CONTACTS:


Endace Limited


John Scott, Deputy Chairman (UK)

+44 7786 543462

Dr Ian Graham, Chairman (NZ)

+64 9 582 0360

Mike Riley, CEO

+64 9 582 0360

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 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.





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