RSA Security Reports Record Revenue

RSA Security Inc., a provider of information security hardware and software, on Thursday reported record revenue for the fourth quarter and the year.

The company posted $83.2 million in revenue for its fourth-quarter ended Dec. 31, up from $70.7 million reported in the year-ago period. Net income for the quarter was $11.8 million, up 90% from $6.2 million reported the year earlier.

RSA's annual net income surged from $14.8 million in fiscal 2003 to $35 million in 2004. Revenue rose from $259.9 million in 2003 to $307.5 million in 2004.

During a conference call with investors early Thursday, Art Coviello, RSA's president and CEO, cited strong growth in the company's ClearTrust identity-management application and good sales of its security tokens.

For the first of quarter 2005, RSA estimates revenue from $81 million to $84 million.