9 Apr 2011

Higher profit now forecast by cyber-security company

6:08 am on 9 April 2011

Cyber-security monitoring company Endace has has issued a profit upgrade.

The Auckland-based company, which is listed on London's alternative exchange, forecasts a pre-tax profit of $US2.9 million in the year to March, compared with an earlier estimate of $US400,000.

Chief executive Mike Riley says the improvement is due to stronger sales across all its key markets. Revenue is expected to rise 24% to $38.4 million.