First Quarter 2020 Results and Financial Highlights
Revenues of $60.0 million; down 2% year over yearNon-GAAP EPS of $0.14; GAAP EPS of $0.05Net cash provided by operating activities of $21 million for the first quarter, and $50 million for the last twelve monthsTotal deferred revenue, as defined by the company, balance of $181 million, up 14% from last yearTEL AVIV, Israel, May 06, 2020 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced its consolidated financial results for the quarter ended March 31, 2020.“Radware entered the COVID-19 crisis in a strong position, and continues to execute on its strategy and pursue its long-term goals through it,“ said Roy Zisapel, Radware’s President & CEO. “Our performance in the first quarter reflects solid revenue and profitability and strong cash generation. We believe that with our strong customer base, large and growing subscription business, superior cloud security offering, and solid cash position, we are well-positioned to navigate this unprecedented crisis and resume long-term growth.”Financial Highlights for the First Quarter of 2020
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