Feeds

RSA warns on profits

Security firm misses targets

  • alert
  • submit to reddit

Build a business case: developing custom apps

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

5 things you didn’t know about cloud backup

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.