Radware Q1 Profit Slightly Down, Meets Estimates; Revenues Rise - Quick Facts

(RTTNews) - Radware (RDWR), a provider of application delivery and application security solutions for virtual and cloud data centers, Wednesday posted first-quarter net income of $4.1 million or $0.09 per share compared with $4.5 million or $0.10 per share for the first quarter of 2013. On a Non-GAAP basis, the company earned $7.8 million or $0.17 per share for the quarter. On average,7 analysts polled by Thomson Reuters expected earnings per share of $0.17 for the quarter. Analysts' estimates typically exclude one-time items. Revenues for the quarter rose 13 percent to $51.0 million from $45.1 million in the same period last year. Analysts estimated revenues of $50.20 million for the quarter.