Enterasys Networks Inc, the secure networks company, today announced financial results for the fiscal third quarter ended 27 September 2008. Revenues grew more than 5% sequentially and gross margins increased consecutively, remaining strong at greater than 50%. EBITDA more than doubled over the prior quarter.
“We are pleased with the solid results achieved this past quarter as we continue to focus on customer satisfaction, drive profitable revenue growth, deliver new products, and win new customers,” said Terry Schmid, Enterasys Chief Financial Officer. “Our outlook remains optimistic as we continue our strong execution by showing customers and partners how our technology lowers both capital and ongoing operating costs while improving collaboration through unified communications.”
New customers in APAC included:
* Government - Jeonnam Provincial Police Agency
* Government - National Native Title Tribunal
* Manufacturing - Flexsys Chemicals
* Retail - David Jones Limited
* Telecommunications - Nokia
New customers in the CALA region included:
* Energy - Usina Moema
* Government - Tribunal de Conta do MT
* Healthcare - Paran'a Cl'inicas
* Manufacturing - Empresa Siderurgica del Peru SA
* Transportation - Azul Linhas A'ereas
New customers in the EMEA region included:
* Government - Conseil General - Vosges
* Healthcare - Ospedale Del Mare
* Manufacturing - Grupo Leche Pascual
* Manufacturing - Dyckerhoff
* Transportation - John Paul II International Airport Krakow - Balice Ltd
New customers in North America included:
* Education - Great Rivers Educational Cooperative
* Education - Scott County Schools
* Finance - Bank of Old Monroe
* Finance - Tomato Bank, Ltd
* Manufacturing - AVA Solar
Highlights for Q3 2008 include:
* Siemens AG partnered with The Gores Group, LLC in a joint venture to grow Enterasys, Siemens Enterprise Communications and SER.
* Fixed Layer 2 switching revenue, led by the Enterasys SecureStack A-Series and Enterasys SecureStack B-Series edge switches, was up 16% in Q3 2008 compared to the year ago quarter.
* The Enterasys SecureStack B3 high-performance Gigabit Ethernet (GbE) edge switch continued to have strong growth, with both revenues and port shipments up 50% in the quarter compared to Q3 2007.
* Fixed Layer 3 switching revenues for the Enterasys SecureStack C3 gigabit Ethernet stackable switch increased nearly 20% compared to the year ago quarter, while power over Ethernet (POE) port shipments were up more than 40%.
* In its second quarter of general availability, the Enterasys D2 secure gigabit Ethernet workgroup switch continued to gain traction, with revenues climbing 37% sequentially in Q3 2008.
* The new Enterasys G-Series policy-based edge switch continued to gain traction, with revenues growing more than 25% sequentially in Q3 2008.
* Revenues for the Enterasys I-Series industrial Ethernet offering were up 70% sequentially in Q3 2008, and more than doubled compared to the year ago quarter.
* Diamond and Platinum Distributed Forwarding Engines for the Enterasys Matrix N-Series flow-based switches continued to show growth, with both revenues and port shipments increasing 4% sequentially in Q3 2008.
* 10 Gigabit Ethernet revenue and port shipments for the Matrix X-Series and Matrix N-Series grew nearly 55% compared to the year ago quarter.
* Triple-speed POE shipments increased 25% in the third quarter compared to the year ago period as Enterasys continues to be deployed in conjunction with VOIP and IP Video solutions from 3Com, Aastra, Alcatel, Avaya, Cisco, LifeSize, Mitel, NEC (Sphere), Nortel, Panasonic, Pelco, Polycom, ShoreTel, Siemens, Tandberg, and many others.
* RoamAbout wireless revenue increased more than 30% compared to the year ago quarter.
* The Dragon intrusion prevention system had very strong growth, with revenues up more than 70% sequentially, and 85% compared to Q3 2007.
* Licence shipments of the Enterasys Network Access Control solution more than doubled compared to the year ago quarter, while revenues were up 90%.
* Enterasys delivered the new 10 GbE Enterasys SecureStack C3 with IPv6 support and a limited lifetime warranty.
* New customer success stories were published for Boston College, Renfe-Operadora, Sao Paulo City Audit Court, and Scotland's Perth & Kinross Council.
* The addition of more than 150 new customers, bringing the total for the past ten quarters to more than 1 650.
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Enterasys Networks
Enterasys is part of a joint venture with Siemens Enterprise Communications led by The Gores Group, LLC. The joint venture is a multi-billion dollar provider of hardware, software, and services to deliver service-oriented networks that enable service-oriented applications in a mobile and secure manner. Enterasys delivers Secure Networks that ensure the confidentiality, integrity, and availability of IT services and the business users that rely on them - without sacrificing performance. Thousands of enterprises, government agencies and educational institutions in more than 70 countries worldwide rely on our convergence, compliance and connectivity solutions to deliver business-oriented, identity-based visibility and control of individual user and application priority and security. The company's culture is centred on the principle "There is nothing more important than our customers". Enterasys' standards-based, open-architecture approach to network security offers a long technology lifecycle and significant operational and business benefits, while reducing total cost of ownership. Information about Enterasys' award winning, policy-enabled switches, routers, wireless products, security software and services is available at http://www.enterasys.com.