Protect Data AB announced today that the company is raising its 2006 fiscal year financial forecast. Sales of Protect Data’s in-house developed security software, Pointsec, grew substantially during the third quarter this year. The main factor behind this positive development is a rapid growth in the U.S. market.
Preliminary figures indicate that Protect Data’s third quarter revenues will reach about MSEK 160, compared with MSEK 61.3 for the same period last year. Sales of third-party products remained approximately unchanged, compared with the previous quarter.
The strong sales growth during the third quarter requires Protect Data to raise its financial forecast for fiscal year 2006. The company now expects revenues and profit to increase significantly, compared to 2005. The previous forecast stated: Sales and profit are expected to increase compared to 2005.
Protect Data will announce the company’s full third quarter report on October 26.
For further information please contact:
Lotta Jarleryd, CFO Protect Data, tel +468-459 54 00
About Protect Data
Protect Data, through its wholly owned Pointsec subsidiary, is the worldwide de facto standard for mobile device security – with the most customers deployed, highest level of certification and more complete device coverage than any other company. The company is also a leader in the Nordic Digital Identity market, based on products for securing business transactions on the Internet. Protect Data AB was founded in 1988 and is listed on the Stockholm Stock Exchange (PROT) since 1997. The company has two U.S. offices, 11 EMEA offices, and four APAC offices. For further information, please visit www.protectdata.com or www.pointsec.com.
