Chief Financial Officer Radware Ltd.
Joyce Anne Shulman
+1 201 785 3209
For Immediate Release
Radware Ltd Announces 2Q10 Results
* Record quarterly revenues of $35.2 million
* Record Non-GAAP operating profit of $4.0 million
* Non-GAAP EPS $0.21
TEL AVIV, ISRAEL.; July 27, 2010 — Radware (NASDAQ: RDWR), a leading provider of integrated
application delivery solutions for business-smart networking, today reported record quarterly revenues of $35.2
million for the second quarter of 2010. This represents an increase of 30% compared with revenues of $27.1
million for the second quarter of 2009 and an increase of 6% compared with revenues of $33.1 million in the first
quarter of 2010.
Net income on a GAAP basis for the second quarter of 2010 was $1.4 million or $0.07 per diluted share,
compared with a net loss of $1.7 million or $0.09 per diluted share for the second quarter of 2009.
Net income on a Non-GAAP basis for the second quarter of 2010 was $4.3 million or $0.21 per diluted share,
compared with a net income of $0.6 million or $0.03 per diluted share in the second quarter of 2009.
At the end of the second quarter of 2010, the company’s overall cash position including cash, short-term and
long-term bank deposits and marketable securities amounted to $149.2 million, representing an increase of
approximately $35 million in the company's cash position in the last 12 months.
“Radware has steadily delivered quarter-over-quarter gains for five quarters running now. This continued increase
in revenues, in combination with our increase in market share, is a clear indication of our sustained business
strength “ stated Roy Zisapel, President & CEO Radware. “We believe with our investments in R&D,
differentiated market opportunities and expanded field operations that we can continue to grow both the top and
During the quarter ended June