CyberGuard Corporation Reports 67% Second Quarter Revenue Increase Over Prior Year.FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Jan. 15, 1997-- CyberGuard Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CYBG), a leading supplier of network security solutions, today announced it will post second quarter revenues of approximately $3.0 million in sales of firewall related security products for the quarter ended December 31, 1996. This represents a 67 percent increase over the $1.8 million in revenues for the quarter ended December 31, 1995. Prior year revenue comparison excludes sales of the Company's real-time division which was sold to Concurrent Computer Corporation  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . in June 1996. The Company also posted its sixth consecutive quarter of increased firewall unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. . For the quarter, CyberGuard shipped 119 firewall units compared to 103 units for the quarter ended September 30, 1996, which had revenue of $3.1 million. Approximately half of the units shipped were CyberGuard's new Intel-based Firewall 3.0 product, indicating strong customer and channel business partner acceptance. For the quarter, the Company posted record international firewall revenues and unit sales growth, while Domestic revenues were below the previous quarter on increased unit sales. The company plans to issue a complete earnings release on January 30, 1997. Commenting on the quarter, Robert L. Carberry; Chairman, President and Chief Executive Officer of CyberGuard noted, "We are very pleased with the acceptance rate of our new CyberGuard Firewall 3.0 product and with our record firewall product sales in the international market segments. Additionally, we made significant strides in strengthening our North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. distribution channels which will allow us to increase our sales in future quarters. We signed up ten new North American resellers under the CyberGuard Security Alliance Partner Program which was introduced in September 1996." About CyberGuard CyberGuard Corporation (NASDAQ:CYBG), formerly the Trusted Systems Division of Harris Computer Systems Corporation, is a leading developer of network security solutions to Fortune 1000 companies and governments worldwide. The Company's CyberGuard Firewall and SafeNet/Enterprise Virtual Private Networking family of products provide the strongest enterprise security solutions available because they are built on a secure operating system The term "secure operating system" is a misnomer. Relevant articles include:
CyberGuard's unique firewall solution is available as an integrated hardware/software solution, as well as a software-only solution available on the Intel personal computer platform. The CyberGuard Firewall is renowned for its strong security, high throughput and related price/performance ratios. CyberGuard has undergone numerous third- party and government evaluations worldwide. In the U.S., the operating system and networking product have been evaluated by the National Computer Security Center (NCSC (National Computer Security Center) The arm of the U.S. National Security Agency that defines criteria for trusted computer products, which are embodied in the Orange Book and Red Book. ) at the B1 level of trust and by the National Computer Security Association (NCSA (1) (National Center for Supercomputing Applications, Urbana-Champaign, IL, www.ncsa.uiuc.edu) A high-performance computing facility located at the University of Illinois at Urbana-Champaign. ). In France, the CyberGuard Firewall has been tested by Celar. In Europe, the CyberGuard Firewall is the first firewall solution to undergo ITSEC See NCSC. E3 evaluation. The company has U.S. headquarters in Ft. Lauderdale, Florida, and international headquarters in Europe. Products are sold worldwide through a direct sales force, value added resellers, distributors, network integrators and Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. . For more information, please call 800/666-4273 x5615 or 954/977-5615; e-mail info@mail.cybg.com; or visit CyberGuard's web site at www.cyberguardcorp.com -0- Certain statements referenced in this press release regarding future prospects, business plans, strategies, future revenue and revenue sources are forward-looking statements. These statements are based upon assumptions and analyses made by the Company and actual results might differ materially from those projected in the forward-looking statements. For more details on the foregoing, please refer to our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for our fiscal year ended June 30, 1996 and our Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the Quarter ended September 30, 1996. -0- Note to Editors: To retrieve a list of CyberGuard press releases via fax, please call 800/344-4297. CyberGuard and CyberGuard Firewall are trademarks of CyberGuard Corporation. All other trademarks are property of their respective owners. CONTACT: CyberGuard Corporation Carson Group Lisa Thornhill Felise Glantz Media/Investor Relations Investor Relations Investor relations The process by which the corporation communicates with its investors. 954/977-5615 212/707-0687 |
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