Radware Ltd. (RDWR), an application security and delivery solutions provider, Wednesday reported increased profit for the third quarter from last year.
For the reported period, net income came in at $5.56 million compared to $3.14 million of last year.
For the three-month period, net income attributed to shareholders was $0.13 per share, higher than $0.07 per share a year ago.
In the third quarter, EBITDA was $5.91 million, an improvement from last year's $2.94 million.
Radware's adjusted net income for the third quarter was $12.6 million, or $0.28 per share compared to $10.2 million, or $0.23 per share last year.
The company's adjusted EBITDA accounted to $11.45 million from $9.16 the earlier year.
The company's revenues grew to $75.31 million from $69.49 million the prior-year quarter.
On Tuesday, the stock closed 1.80 percent or 0.47 cents higher at $26.62 on the NYSE.
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