From: "spadger"
Newsgroups: uk.finance
Subject: Endace Strong Buy!
Date: Fri, 13 Apr 2007 10:03:28 GMT
RNS Number:8095U
Endace Limited
13 April 2007
FOR IMMEDIATE RELEASE 13 April
2007
ENDACE LIMITED
PERIOD END TRADING UPDATE
Endace Limited ("Endace" or "the company"; LSE/AIM: EDA), a world leader in
network monitoring solutions, announces its provisional unaudited results
for
the year ended 31 March 2007 which are significantly ahead of market
expectations. The company anticipates reporting revenues in the range of
US$16.5
- $17.0 million (2005/6: $11.0 million). Strong revenue growth and firm
control
of costs have resulted in a profit before foreign exchange gains and tax
expected to be in the range of US$3.4 - $3.7 million (2005/6: $0.7 million).
The company achieved sales growth across all regions, particularly in North
America. Revenue from Data Acquisition and Generation ("DAG") card products
increased substantially, while sales of the recently introduced NinjaProbe
range
of appliances made a significant contribution.
The Board is working on detailed plans to take the company through its next
major stage of development and growth; further details will be provided at
the
time of the final results announcement.
Endace CEO Selwyn Pellett commented:
"This has been a year of major achievements and validation for Endace. Our
NinjaProbe appliances have traction with Tier 1 telecommunication carriers,
and
with systems now operating up to 40Gbps, we are the only vendor capable of
scaling from the edge of the network to its core. I am very excited about
our
prospects for 2008."
The audited results will be released in our final results statement due on
22nd
May 2007.
Ends
|