Radware (RDWR) has released an update.
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Radware, a global leader in cybersecurity and application delivery solutions, has reported a revenue of $67 million for Q2 2024, marking a 3% year-over-year increase. The company’s cloud Annual Recurring Revenue (ARR) saw a significant 19% rise to $70 million, alongside a notable reduction in non-GAAP operating expenses by 6%. Despite these positive developments, including a non-GAAP diluted EPS of $0.20, the tech firm cautions investors with forward-looking statements considering global economic uncertainties and industry-specific risks.
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