Radware sees demand for virtualization

 Application security solutions for virtual and cloud data centres Radware has reported a 15% year-on-year growth in revenues to $42.2m (€32.1m) for the Q4 2011.

Net income on a GAAP basis for the fourth quarter of 2011 was $6.6m (€5m) compared with net income of $5.4m (€4.1m) for the third quarter of 2011 and to $3.9m (€3m) in the fourth quarter of 2010. Net income on a Non-GAAP basis for the fourth quarter of 2011 was $9.5m (€7.2m) vs. $7.8m (€6m) in Q3 2011 and to $6.6m (€5m) in the same period in 2010.

Revenues for 2011 amounted to $167.0m (€126.9m) from of $144.1m (€109.5m) counting year-on-year.

“Strong demand for our traditional and ADC virtualization products, in combination with our string of attack mitigation that have protected high-profile and private sector customers, is key to this growth” says Radware’s president and CEO, Roy Zisapel.