Feeds

RSA warns on profits

Security firm misses targets

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

RSA Security has warned that it will miss revenue targets for the first quarter.

The firm's shares have fallen from just below $16 to $11.32 since Monday.

RSA expects earnings for the quarter ended 31 March to be between £74m to $76m rather than the $81m and $84m it was predicting. This will give earnings per share of 8 to 10 cents instead of the 13 to 15 cents per share originally forecast.

The security company said the first quarter was traditionally a time of weak demand but a slowdown in software sales, especially in the last month, pushed the company off target. RSA's authentication business did better, outperforming the same quarter last year.

Full results for the first quarter will be released 27 April.

You can read the full statement on RSA's website here.®

Related stories

Banks 'wasting millions' on two-factor authentication
RSA invites speaking proposals
RSA 2005: complete coverage

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.