Endace reports 40% year-on-year revenue boost

UK-listed Kiwi exceeds expectations

Network probe appliance-maker Endace has reported an increase in revenues of over 40% year-on-year to more than US$24 million (NZ$30 million), up from US$17.0 million in the year to March 31, 2007.

Profits before tax for the year were $4.3 million, compared with $3.9 million in 2007.

The company says good progress has been made at the end of the first year of a a planned two-year investment programme, focusing on R&D, sales and marketing and in software tools.

Endace says growth has been achieved across all geographic markets with North America and Europe, the Middle East and Asia performing particularly well.

“We have made excellent progress over the past year with our twin aims of moving Endace’s sales profile progressively towards higher value NinjaProbe appliance products and, at the same time, putting in place the company infrastructure which will enable us to sustain a high level of growth in the future," CEO Mike Riley says.

Endace's technology, which allows deep monitoring of network traffic, was developed at Waikato University and R&D continues to be led from New Zealand. Endace is listed on the UK's AIM market.

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