Entrust Announces Financial Results for Fourth-Quarter and F... ( Q4 & Full-Year 2008 Highlights: ...)

Entrust Announces Financial Results for Fourth-Quarter and Fiscal 2008

Date:1/29/2009

Q4 & Full-Year 2008 Highlights:

For the full year total revenues were $99.7 million, flat to 2007. Product revenues for the full year were $38.3 million, an increase of 5 percent from $36.4 million in 2007.
In the quarter, Entrust completed 143 total transactions, which represented a 4 percent increase from the fourth quarter of 2007. For the year, Entrust completed 512 total transactions in 2008, which represented an 8 percent increase from 2007.
In the quarter, Entrust added 49 new customers, which represented a 14 percent increase from the fourth quarter of 2007. For the year, Entrust added 166 new customers, which represented a 25 percent increase from 2007.
Revenue from transactions less than $500,000 decreased 1 percent from the fourth quarter of 2007. For the year, revenue from transactions less than $500,000 increased, continuing to drive the company's strategy to be less reliant on large deals. Transactions less than $500,000 accounted for 92 percent of product revenue in 2008.
Entrust IdentityGuard and Transaction Guard accounted for $2.4 million, up 17 percent from Q4 2007, and was more than $9.3 million for the full year 2008, up 70 percent over the full year 2007.
Entrust Public Key Infrastructure (PKI) products revenue increased 7 percent over the fourth quarter of 2007. For the full year, PKI product revenue was flat compared to 2007. Entrust's SSL certificate business increased 32 percent over 2007. Subscription-based product bookings, primarily within the PKI space, increased 48 percent to $17.5 million in 2008.
Entrust government vertical decreased by 6 percent over 2007 and was negatively impacted by slower U.S. government spending and exchange rate. Entrust delivered its next-generation ePassport solution (Extended Access Control), which led to winning four new ePassport projects in 2008.'/>"/>

SOURCE Entrust, Inc.
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Entrust Announces Financial Results for Fourth-Quarter and F...( Q4 & Full-Year 2008 Highlights: ...)