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Entrust Announces Financial Results for Fourth-Quarter and Fiscal 2008
Date:1/29/2009

year 2008, Fraud and Risk Based Authentication products revenue accounted for $9.3 million of total product revenue, an increase of 70 percent year-over-year.
  • Entrust PKI products accounted for 73 percent ($7.4 million) of product revenue for Q4 2008. For the full year 2008, PKI product revenue accounted for 72 percent of total product revenue and decreased 3 percent over 2007.
    • Subcategory SSL accounted for $2.6 million of product revenue for Q4 2008. For the full-year 2008, SSL revenue accounted for $9.6 million of total product revenue, an increase of 32 percent year-over-year.
    • Subcategory Subscription Product accounted 32 percent ($3.3 million) of product revenue for Q4 2008. For the full year 2008, Subscription Product revenue accounted for 32 percent ($12.6 million) of total product revenue, an increase of 22 percent year-over-year.

    • A chart reconciling 2008 product revenue by reporting category has been posted to our web site at www.entrust.com/investor.

    Q4 Technology and Industry Highlights:

    • Entrust improved the Entrust IdentityGuard platform with enhanced self-service capabilities, including the Entrust eGrid, an innovative approach to delivering strong second-factor authentication without deploying a physical device. Entrust's eGrid cards represent a new element to our dynamic multifactor authentication solutions. The advanced soft-grid format enables organizations to implement strong authentication without requiring end-users to carry expensive third-party hardware tokens.
    • Entrust IdentityGuard was named a finalist in the 2009 SC Awards -- 'Best Multi- and Second-factor Solution' category -- for outstanding achievement in information technology security. Entrust IdentityGuar
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    SOURCE Entrust, Inc.
    Copyright©2009 PR Newswire.
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