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Technology / AI and automation

COMPANY RESULT: SECURITY DYNAMICS TECHNOLOGIES INC

Security Dynamics Technologies Inc, Bedford, Massachusetts-based network and data security specialist, has reported second-quarter net income up 81.6% at $10.7m on revenue up 26.6% at $43.4m. Six- month net income rose 26.9% to $13.6m on revenue up 31.5% at $83.6m. Earnings per share rose 66.7% to $0.25 for the quarter and 18.5% to $0.32 for the six months. Results include a one-time gain of $12m on an equity investment, while six-month results also include a $2.6m merger-related charge. Year-ago results have been restated to reflect the acquisition of Intrusion Detection Inc.

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CBR Staff Writer

CBR Online legacy content.