RSA Revenue Jumps 12 Percent
This jump represents a major turnaround from 2002 for RSA.RSA Security Inc. on Thursday reported earnings of $0.05 per share on revenue of $63.4 million, a 12 percent jump in revenue compared to the same period last year. These numbers represent a major turnaround from 2002 for RSA. Twelve months ago the company posted a net loss of $25 million, or $0.44 per share, on revenue of $56.5 million. Much of that damage came from charges stemming from a major restructuring, as well as an $11 million loss on some investments. RSA, based in Bedford, Mass., also named Joseph Uniejewski the companys chief technology officer. He has been with the company since 1998 and was previously the senior vice president of the Web Access Management division.
RSA officials were happy with the quarters results and are optimistic that the companys turnaround will continue. The company expects to post earnings of $0.02 to $0.05 per share in the third quarter.