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RSA Ramps Up Revenues

RSA Security, on its way to becoming a division of EMC, reported record quarterly revenues today, although the firm's profits fell, thanks partly to the EMC acquisition. (See RSA Announces Earnings and EMC Buys RSA.)

RSA reported revenue of $94.4 million for the quarter, up 23 percent from the same period last year, and above analyst estimates of $91.25 million. However, the vendor's GAAP net income was $2.8 million, or 4 cents per share, compared to net income of $8.4 million and 12 cents per share in the year ago quarter.

Excluding a number of items, such as stock-based compensation charges and transaction fees associated with the EMC acquisition, the company would have reported net income of $10.6 million, or 14 cents per share, in line with analyst estimates.

Speaking on a conference call tonight, RSA execs said that the vendor's authentication business helped drive up revenues, particularly in the enterprise space. (See RSA Clinches Record .) The company, according to its CFO, Charles Kane, shipped approximately 4.2 million authentication credentials during the first half of 2006, an increase of 100 percent on the same period last year.

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