Endace posts revenue increase of 42%

UK-listed Kiwi maintains momentum

Endace shares surged ahead of its annual results announcement today, results which showed an increase in revenue of 42%, from US$17 million to US$24.2 million.

The Kiwi-born networking technology company maintained a gross margin of 71%, down only slightly from 72% in 2007.

Profit before tax rose 15% to US$4.5 million and the company's cash position was maintained despite an acquisition.

In its outlook, Endace reported that the main challenge for the coming year is to ensure it continues to add the people and resources required to take full advantage of growth opportunities.

Listed on the alternative UK market AIM, Endace provides traffic monitoring, latency measurement, network security and application acceleration technologies that capture, inspect and report on data.

Endace is based in Auckland and also has offices in the UK, USA and Singapore. Its annual meeting will be held in London on 4 September.

Also this week Endace announced the addition of Snort IDS Command Centre Agent and data mining features, from its Applied Watch acquisition, to its NinjaProbe network appliance. Endace believes the technology is disruptive and will compete with products from networking giants Cisco and Juniper.

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Tags ninjaprobeEndaceNetworking & Telecomms IDSnort

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