From GlobeNewswire: 2025-02-12 06:00:00

Radware reported strong financial results for Q4 2024, with revenue reaching $73 million, a 12% increase year-over-year. Non-GAAP diluted EPS was $0.27, up from $0.13 in Q4 2023. For the full year 2024, revenue was $275 million, cloud ARR reached $77.3 million, and non-GAAP diluted EPS was $0.87.

In the Americas region, Q4 revenue was $32.8 million, up 33% from Q4 2023. EMEA region revenue was $23.3 million, down 6% from Q4 2023. APAC region revenue was $16.9 million, up 8% from Q4 2023. GAAP net income for Q4 2024 was $2.5 million, with a non-GAAP net income of $11.9 million.

Radware’s Q4 2024 financial results showed a strong finish, with cash flow from operations at $12.7 million. Non-GAAP results exclude stock-based compensation, amortization of intangible assets, and other costs. Their strategy includes accelerating cloud security growth through investments in AI security capabilities and expanding cloud channels.

Radware will host a conference call on February 12, 2025, to discuss their financial results. Non-GAAP financial measures are provided to allow for meaningful comparisons. ARR is a key performance indicator for recurring revenue. Forward-looking statements include plans for future growth and potential risks affecting the company.



Read more at GlobeNewswire:: Radware Reports Fourth Quarter and Full Year 2024 Financial