contents

business
 
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.



write your comments about the article :: 2008 Networking News :: home page