RSA Security heeft in het derde kwartaal van 2004 een nettowinst gehaald van 8,7 miljoen dollar, dat betekent een stijging van 140% in vergelijking met hetzelfde kwartaal in 2003. De omzet in Q3 van dit jaar bedroeg 76,7 miljoen dollar, wat neerkomt op een omzetstijging van 19% vergeleken met hetzelfde kwartaal het jaar daarvoor.
Onderstaand vindt u hierover het Engelstalige persbericht.
Voor meer informatie:
RSA Security (www.rsasecurity.com)
Matt Buckley
Tel: +1 (781) 515-6212
E-mail: mbuckley@rsasecurity.com
Lammers van Toorenburg Benelux PR
Paul Maris
Tel: +31 (0)30 - 65 65 070
E-mail : paul@lvtpr.nl
*-*-*-*
RSA Security Announces Third Quarter Results
Company Grows Revenue by 19% Year-Over-Year and Generates $0.13 in Earnings Per Share; To Host Conference Call This Morning at 8 a.m. EDT
BEDFORD, Mass., October 21, 2004 - RSA Security Inc. (NASDAQ: RSAS) today reported financial results for the third quarter ended September 30, 2004.
Revenue for the third quarter of 2004 increased 19% to $76.7 million from $64.5 million for the third quarter of 2003. Net income for the third quarter of 2004 increased 140% to $8.7 million, or $0.13 per diluted share, from $3.6 million, or $0.06 per diluted share, for the comparable period a year ago.
"We continued our consistent track record of growth in the third quarter, while also gaining a first-mover advantage in two exciting new markets," said Art Coviello, president and chief executive officer. "On the financial front, we posted our tenth consecutive quarter of revenue growth and our seventh consecutive quarter of increased earnings, as demand continued to grow for RSA Security's identity and access management solutions. We also expanded our opportunities in the enterprise authentication market with the delivery of RSA SecurID® for Microsoft® Windows® solution, and in the consumer authentication market with AOL's launch of its PassCode premium service which utilizes RSA Security technology."
Third-Quarter Financial Highlights
- Revenue: RSA Security increased its revenue on a sequential basis for the tenth consecutive quarter to $76.7 million, which marks a three-year quarterly high for the Company. The Company's book-to-bill ratio for the quarter was approximately 1 to 1. The Company's combined backlog and deferred revenue increased by 24% in the third quarter of 2004 to $52.5 million from $42.3 million in the year ago quarter. Of the combined amount, deferred product and services revenue increased by $11 million to $42.5 million and product and services backlog decreased by $1 million to $10 million.
- Net Income: RSA Security's $8.7 million in net income also marked a three-year high for the Company. Revenue growth, together with a continued focus on expense management, enabled RSA Security to increase operating margin to 15.2% in the third quarter of 2004 from 10.2% in the year-ago quarter. The Company has increased its net income sequentially in each of the past seven quarters.
- Cash Position: The Company grew its cash balance by $11 million in the third quarter, bringing its total cash and marketable securities to $256 million. This compares with $207.3 million on December 31, 2003 and $191.2 million on September 30, 2003. During the quarter, RSA Security repurchased approximately 50,000 shares of its stock. This represented the Company's initial purchase under the 6.7 million-share buyback plan announced by the Company in September.
Subsequent Event- Convertible Debentures
As of October 17, 2004, the holders of the remaining $70.0 million in RSA Security convertible debentures converted the full amount of these debentures into shares of the Company's common stock. These conversions resulted in the issuance of approximately 5.1 million shares of RSA Security common stock and the cancellation of the holders' debentures.
Operational Highlights
- Customers and Partners: RSA Security shipped product to more than 5,100 customers in the third quarter, including 800 new customers. The financial services, professional services, government and manufacturing sectors were among the strongest vertical markets for the Company. The Company sold approximately 76% of its RSA SecurID products through its indirect channel during the third quarter of 2004, up from 69% for the third quarter of 2003.
- RSA SecurID for Microsoft Windows Solution: RSA Security delivered the RSA SecurID for Microsoft Windows two-factor authentication solution in the third quarter. This offering is a key element of the Company's secure enterprise access initiative, aimed at increasing the use of strong authentication within corporate firewalls. RSA SecurID for Microsoft Windows solution is designed to help Microsoft enterprise customers-- whether working remotely or inside the firewall -- ensure that valuable network resources are accessible only by authorized users, while delivering a simplified and consistent user login experience.
- AOL PassCode Premium Service: RSA Security and America Online, Inc. announced the launch of AOL PassCode, a new premium service that offers AOL members a second level of account protection through the use of RSA Security's authentication technology. This arrangement with one of the world's largest Internet service providers marks a milestone in RSA Security's drive to extend the reach of strong two-factor authentication to the millions of consumers who conduct online transactions each day.
Business Outlook
RSA Security's financial guidance for the fourth quarter of 2004 assumes no material change in the global IT spending environment. This guidance is current as of today only, and is based upon the Company's expectation of an effective tax rate of approximately 20% for 2004. RSA Security undertakes no obligation to update its estimates:
- Total quarterly revenue in the range of $79 million to $82 million, or 12% to 16% year-over-year growth.
- Diluted earnings per share in the range of $0.14 to $0.16, compared with earnings of $0.10 per share in the year-ago fourth quarter.
About RSA Security Inc.
RSA Security Inc. helps organizations protect private information and manage the identities of people and applications accessing and exchanging that information. RSA Security's portfolio of solutions -- including identity & access management, secure mobile & remote access, secure enterprise access, secure transactions and consumer identity protection -- are all designed to provide the most seamless e-security experience in the market. Our strong reputation is built on our history of ingenuity, leadership, proven technologies and our more than 16,000 customers around the globe. Together with more than 1,000 technology and integration partners, RSA Security inspires confidence in everyone to experience the power and promise of the Internet. For more information, please visit www.rsasecurity.com.