Aladdin Knowledge Systems (Nasdaq: ALDN; TASE: ALDN) today announced financial results for the second quarter of fiscal year 2005 ended June 30, 2005.
Net profit for the second quarter of 2005 was $3.59 million, or $0.25 per basic share and $0.24 per diluted share. Net profit for the second quarter of 2004 was $2.07 million or $0.17 per basic and $0.16 per diluted share.
For the first six months of 2005, net profit was $4.82 million or $0.36 per basic share and $0.34 per diluted share, as compared with net profit of $3.82 million or $0.32 per basic and $0.30 per diluted share for the first six months of 2004.
Revenue for the second quarter of 2005 increased 21.4% to $20.06 million from $16.52 million for the same period in 2004.
Software DRM revenue for the second quarter increased 14.1% to $14.07 million from $12.34 million in the same period in 2004. Enterprise security revenue for the second quarter of 2005 increased 43% to $5.99 million from $4.18 million in the same period in 2004.
Revenue for the first six months of 2005 was $40.39 million, an increase of 21.0 percent from the $33.40 million recorded over the same period in 2004.
Cash, cash equivalents and marketable securities totaled $70.15 million at June 30, 2005, up $44.24 million from $25.91 million reported at December 31, 2004, with no outstanding debt. The increase includes the receipt of $38.78 million in net proceeds, following the completion of the company's offering of ordinary shares which closed on March 30, 2005.
Published by Globes [online], Israel business news - www.globes.co.il - on Wednesday, July 20, 2005