Endace Reveals Final Results for Year Ended 31 March 2008

Endace has announced its audited final results for the year ended 31 March 2008. All amounts are stated in US$.

Financial highlights:
Revenue increased by 42% to $24.2m (2007: $17.0m).
Gross margins were 71% (2007: 72%).
Profit before tax rose by 15% to $4.5m (2007: $3.9m). Excluding a one-off provision, profits would have increased by 25%.
Basic earnings per share increased 29% to US cents 23.1 (2007: US cents 17.8). Adjusted, fully diluted earnings per share increased 25% to US cents 22.1 (2007: US cents 17.7) (see Finance Director's Report).
Net cash at the year end was $3.5m (2007: $3.5m) after significant investment costs including an acquisition.

Operational highlights:
NinjaProbe appliance products launched successfully at the start of the year and rapidly gained traction in the market.
$2m contract to supply the industry's first InfiniBand monitoring probe to a leading US-based financial service provider.
Growth achieved in all geographic regions with strong growth in the Americas and EMEA.
Good progress at the half-way stage in a two-year investment programme to create an organisation capable of sustained high growth.
Successful acquisition of Applied Watch Technologies.

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