Entrust Achieves Profitability for 2004 With Full-Year Earnings Per Share of 2-Cents

Monday 10 January 2005 21:34 CET | News

Entrust has reported preliminary financial results that were above previous guidance for its fiscal quarter and fiscal year that ended December 31, 2004.

Entrust expects a fourth quarter net profit of approximately $0.04 per share. This equates to approximately $0.02 per share profit for the entire year ending December 31, 2004, a $0.58 per share, or $37 million, improvement over the year ending December 31, 2003, and $0.02 per share above previous guidance. Revenue for the fourth quarter increased to approximately $27 million, an increase of approximately 27% from $21.3 million in Q3, 2004 and approximately 14% from $23.7 million in Q4, 2003. Revenue for the full year ending December 31, 2004 is expected to be approximately $90.8 million, an increase of approximately 3% from 2003. Revenue in the fourth quarter was driven by increased product revenue, which accounted for approximately 41% ($11 million) of total revenue in the quarter, with the balance of 59% ($16 million) generated from services and maintenance. Entrust expects the five largest product deals of Q4 to account for approximately 21% of Q4 revenue.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce