• Record Quarterly Revenues of $53.1 Million
  • Quarterly Non-GAAP EPS $0.18

Radware® (NASDAQ: RDWR), a global leader of application delivery and application security solutions for virtual and cloud data centers, today reported record quarterly revenues of $53.1 million for the second quarter of 2014. This represents an increase of 13% compared with revenues of $46.8 million for the second quarter of 2013.

Net income on a GAAP basis for the second quarter of 2014 was $3.9 million or $0.08 per diluted share, compared with net income of $4.9 million or $0.11 per diluted share for the second quarter of 2013.

Net income on a Non-GAAP basis for the second quarter of 2014 was $8.2 million or $0.18 per diluted share, compared with net income of $7.1 million or $0.15 per diluted share for the second quarter of 2013.

During the second quarter of 2014, the company generated cash in the amount of approximately $11.5 million and after utilizing an amount of approximately $5.6 million for the repurchase of shares, the company's overall cash position including cash, short-term and long term bank deposits and marketable securities amounted to $309.4 million.

"Our strong second quarter was fueled by continued improvement in our international business, says Roy Zisapel, president and chief executive officer, Radware." "We are optimistic about our ability to continue revenue growth of our application delivery and application security solutions, leveraging their strategic role in the ongoing operations of our customers' data centers and mission critical applications."

During the second quarter of 2014, Radware released the following significant announcements:

  • Radware's Attack Mitigation System Selected by Xand to Help Prevent Downtime for Cloud and Colocation Hosted Applications
  • Radware to Discuss Neurological Impact of Slow Web Performance and Web Performance Optimization During Velocity Santa Clara
  • Radware Selected by M1 to Deliver Mission Critical Website Protection
  • Radware Receives Multi-Million Cyber-Attack Mitigation Contract from Global Cloud Provider
  • Radware Integrates Service Security with Cisco Application Centric Infrastructure
  • Radware Announces a New $40 Million Share Buyback Plan

Company management will host a quarterly investor conference call at 8:45am ET on July 24, 2014. The call will focus on financial results for the quarter ending June 30, 2014 and other matters related to the Company's business.

The conference call will be webcast on July 24, 2014 at 8:45am ET in the "listen only" mode via the Internet at: http://www.radware.com/IR/ and will be available for replay during the next 30 days.

Please use the following dial-in numbers to participate in the second quarter 2014 call:

  • Participants in the US call: Toll Free 1 (800) 230-1096
  • International participants call: +1- 612 288-0329
  • Conference ID: 330887
About Radware

Radware (NASDAQ: RDWR), is a global leader of application delivery and application security solutions for virtual and cloud data centers. Its award-winning solutions portfolio delivers full resilience for business-critical applications, maximum IT efficiency, and complete business agility. Radware's solutions empower more than 10,000 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com.

Radware encourages you to join our community and follow us on: Facebook, Google+, LinkedIn, Radware Blog, SlideShare, Twitter, YouTube, Radware Connect app for iPhone® and our security center DDoSWarriors.com

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