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
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
Blockchain Gets Real Across Industries
Lisa Morgan, Freelance Writer,  7/22/2021
Commentary
Seeking a Competitive Edge vs. Chasing Savings in the Cloud
Joao-Pierre S. Ruth, Senior Writer,  7/19/2021
News
How CIO Roles Will Change: The Future of Work
Jessica Davis, Senior Editor, Enterprise Apps,  7/1/2021
Register for InformationWeek Newsletters
Video
Current Issue
Monitoring Critical Cloud Workloads Report
In this report, our experts will discuss how to advance your ability to monitor critical workloads as they move about the various cloud platforms in your company.
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