Radware Reports Record Q2 Revenue and Strong Cloud Growth
Radware reported record second-quarter revenue of $82.3 million, reflecting an 11% year-over-year increase driven by strong demand for cloud security services, API protection, and on-premises DDoS mitigation solutions. The company's cloud annual recurring revenue (ARR) surpassed $100 million, up 22%, representing 40% of total ARR. This growth was supported by the adoption of Radware’s managed service provider channel and new offerings like its API security platform. The Americas region saw a significant increase in revenue (+24%), which offset a slight decline (-2%) in EMEA. Despite foreign exchange and supply chain pressures affecting profitability, operating income would have grown 41% excluding currency effects. Radware also announced plans for third-quarter revenue between $82.5 million to $83.5 million and repurchased $18.8 million of shares during Q2. New product introductions such as Xploit Shield, designed to protect applications from AI-driven vulnerabilities, are gaining traction among customers concerned about the rising pace of cyber threats.
Tickers: $RDWR
Topics: API protection cloud security DDoS mitigation revenue growth