RSA Security Gets Back Into The Black - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

RSA Security Gets Back Into The Black

The identity-management and authentication vendor reported its first profitable quarter in two years.

Despite tough tech times, RSA Security Inc. struggled back to profitability for the first time in nearly two years. It wasn't too many analyst calls ago that the identity-management and authentication security vendor's president and CEO, Art Coviello, said, "We're not out of the woods yet" when asked about the health of the company.

On Thursday, Coviello seemed a bit more bullish during a call with analysts: "RSA is back," he said.

The company reported revenue for the first quarter, ended March 31, of $61.3 million, up from $55 million for the same period last year. RSA reported net income of $1.7 million, up from a net loss of $13.7 million in the year-ago quarter.

For the second quarter, RSA expects revenue to range from $58 million to $63 million. The company said it hopes to keep capital expenditures to $4 million to $6 million this year.

Despite the company's positive quarter, Coviello said businesses are still slow to roll out new IT projects, and that several million dollars in deals were deferred at the end of the quarter because of economic and war uncertainties.

Coviello said RSA won 900 new clients during the quarter.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
Slideshows
10 Top Cloud Computing Startups
Cynthia Harvey, Freelance Journalist, InformationWeek,  8/3/2020
Commentary
How Enterprises Can Adopt Video Game Cloud Strategy
Joao-Pierre S. Ruth, Senior Writer,  7/28/2020
Commentary
Conversational AI Comes of Age
Guest Commentary, Guest Commentary,  8/7/2020
Register for InformationWeek Newsletters
Video
Current Issue
Special Report: Why Performance Testing is Crucial Today
This special report will help enterprises determine what they should expect from performance testing solutions and how to put them to work most efficiently. Get it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll