The company reported that net loss of $8.3 million or $0.42 per diluted share, on a GAAP basis for the first quarter of 2008, compared to a net loss of $3.6 million or $0.18 per diluted share in the first quarter of 2007 and to a net loss of $1.8 million or $0.09 per diluted share in the fourth quarter of 2007.
Roy Zisapel, president and CEO of Radware, said: We believe that by implementing such plans coupled with our new product introductions of OnDemand Switches and SIP Director we will be able to accelerate growth and return to profitability.
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