Radware Announces Second Quarter 2019 Earnings
.jpg)
Radware, a leading provider of cybersecurity and application delivery solutions, today announced its consolidated financial results for the quarter ended June 30, 2019.
“We are pleased to report solid second-quarter results, with revenue growth for the first half of 2019 at 9%,” said Roy Zisapel, Radware President & CEO. “Our product subscriptions and cloud security offerings continue to grow quickly, providing our customers with unmatched business value and excellent business outcomes as they migrate to a multi-cloud application infrastructure.”
Financial Highlights for the Second Quarter of 2019
Revenues for the second quarter of 2019 totalled $60.5 million, up 6% from revenues of $57.3 million for the second quarter of 2018. Revenues for the first six months of 2019 totalled $121.9 million, up 9% from revenues of $111.8 million for the first six months of 2018:
- Revenues in the Americas region were $27.6 million for the second quarter of 2019, up 16% compared to revenues of $23.9 million in the second quarter of 2018. For the first six months of 2019, revenues in the Americas region increased 9% over the same period in 2018.
- Revenues in Europe, the Middle East and Africa (“EMEA”) region were $16.9 million for the second quarter of 2019, compared with revenues of $19.8 million in the second quarter of 2018. For the first six months of 2019, revenues in the EMEA region increased 1% over the same period of 2018.
- Revenues in the Asia-Pacific (“APAC”) region were $15.9 million for the second quarter of 2019, up 17% from revenues of $13.6 million in the second quarter of 2018. For the first six months of 2019, revenues in the APAC region increased 19% over the same period of 2018.
Net income on a GAAP basis for the second quarter of 2019 was $3.7 million, or $0.08 per diluted share, compared with net income of $1.7 million, or $0.04 per diluted share for the second quarter of 2018.
Non-GAAP net income for the second quarter of 2019 was $8.9 million, or $0.18 per diluted share, compared with non- GAAP net income of $5.0 million, or $0.10 per diluted share for the second quarter of 2018.
Non-GAAP results are calculated excluding, as applicable, the impact of stock-based compensation, exchange rate differences, net on balance sheet items included in financial income, amortization of intangible assets, acquisition costs, litigation costs and other gain adjustments, net of tax. A reconciliation of each of the Company’s non-GAAP measures to the comparable GAAP measured is included at the end of this press release.
As of June 30, 2019, the Company had cash, cash equivalents, short-term and long-term bank deposits and marketable securities of $414.0 million, compared with $401.1 million as of December 31, 2018. Net cash provided by operating activities in the second quarter of 2019 totalled $5.1 million. Net cash provided by operating activities in the last 12 months totalled $63.2 million.
source radware
Industry: Cyber Security

Latest Jobs
-
- Cloud Architect- German Speaker
- Hungary
- Upto €48000 per year + bonus + benefits
-
As a Senior Pre-Sales Solutions Architect, you will play a pivotal role in driving our sales success by translating complex technical solutions into compelling proposals that resonate with our clients. You will collaborate closely with our sales teams to understand customer needs, design tailored solutions, and negotiate successful deals. Responsibilities: Solution Design: Develop comprehensive technical solutions that align with customer business objectives and industry best practices. Proposal Development: Create compelling proposals, including requirements gathering questionnaires, presentation materials, and Statements of Work (SOWs). Customer Engagement: Build strong relationships with clients, understanding their technical, business, and commercial requirements. Collaboration: Work closely with sales teams, delivery teams, and third-party partners to ensure successful project execution. Pricing Strategy: Define and deliver pricing strategies that align with customer needs and company objectives. Requirements: Experience in technical pre-sales or sales support roles. Proven track record in designing and delivering successful customer solutions. Strong technical foundation in areas such as VMware, Azure, AWS, cloud computing, and data center technologies. Excellent understanding of sales principles, account management, and negotiation techniques. Ability to explain complex technical concepts clearly and concisely. Experience working in international teams and supporting clients across multiple regions. Fluency in German and English is essential. Benefits: Competitive salary and benefits package Opportunity to work on challenging and rewarding projects Collaborative and supportive work environment Potential for career growth and advancement Please note that this role is focused on supporting German clients, but will also involve global client support as needed.
-
- Director Cyber Security Consulting Medical / Biotech / Biopharma. United Kingdom
- United Kingdom
- Generous salary, uncapped bonus, travel and usual benefits.
-
CH8431 Director Cyber Security Consulting Medical / Biotech / Biopharma. United Kingdom Looking to make Security Partner within 2-3 years? Do you have current experience selling / delivering cyber consulting & advisory services into Medical / Biotech / Biopharma? If so, we would like to speak with you. Apply today for a discreet conversation. This is a UK based opportunity. Current Cyber security consulting experience is essential, as is a network into the Pharmaceutical / Healthcare industry. Package- Generous salary, uncapped bonus, travel and usual benefits. 07884666351 | chris.holt@dclsearch.com
-
- Director Cyber Security Consulting Pharmaceutical / Healthcare. United Kingdom
- United Kingdom
- Generous salary, uncapped bonus, travel and usual benefits.
-
CH8430 Director Cyber Security Consulting Pharmaceutical / Healthcare. United Kingdom Looking to make Security Partner within 2-3 years? Do you have current experience selling / delivering cyber consulting & advisory services into Pharmaceutical / Healthcare? If so, we would like to speak with you. Apply today for a discreet conversation. This is a UK based opportunity. Current Cyber security consulting experience is essential, as is a network into the Pharmaceutical / Healthcare industry. Package- Generous salary, uncapped bonus, travel and usual benefits. 07884666351 | chris.holt@dclsearch.com
-
- Privileged Access Management (PAM) Specialist
- Germany
- upto €700 per day
-
We are looking for a Privileged Access Management (PAM) specialist to help us redesign our customer's administration environment and implement a PAM tool. The project is divided into two phases: a rough concept phase and a detailed concept phase. We need someone with deep knowledge of ITIL V4, product provisioning, automation, and standardization, as well as good knowledge of the cloud environment, Enterprise Vault, requirements documentation, and analysis. We also need someone with strong communication and team skills Ideally you will have experience with CyberArk, we do require someone who is fluent in German for this contract