SafeNet: SafeNet Reports second quarter financial results; Adjusted EPS of $0.30 in the upper range of prior company guidance; Company reiterates full-year guidance

• Published in: M2 Presswire p. 1
• Format: Newsletter
• Language: English
• Published: Coventry Normans Media Ltd 30.07.2004
• Subjects: Acquisitions & mergers; Alliances; Compensation; Customers; Dilution; Distributed processing; Earnings per share; GAAP; Intellectual property; International finance; Net income; Software; Tax rates; Virtual private networks; Webcasting

M2 PRESSWIRE-JULY 30, 2004-SafeNet: SafeNet Reports second quarter financial results; Adjusted EPS of $0.30 in the upper range of prior company guidance; Company reiterates full-year guidance (C)1994-2004 M2 COMMUNICATIONS LTD - The formation of an alliance with Oracle where SafeNet Luna SA, a Network-attached Hardware Security Module (HSM), supports Oracle- Database10g to provide hardware security and SSL acceleration for enterprise grid computing. SafeNet is working with Oracle to provide hardware security solutions to joint customers for secure grid computing capabilities. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Statements contained in this document that are not historical facts could be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current expectations and beliefs, are not guarantees of future performance and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including, among others: the risk that the SafeNet and Rainbow businesses will not be integrated successfully; costs related to the merger with Rainbow; and other economic, business, competitive, and/or regulatory factors affecting SafeNet's business generally, including those set forth in its filings with the Securities and Exchange Commission, including SafeNet's Annual Report on Form 10-K for the fiscal year ended December 31, 2003, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2004 and its Current Reports on Form 8-K. If any of these risks or uncertainties materialises or any of these assumptions proves incorrect, SafeNet's results could differ materially from the expectations in these statements. SafeNet assumes no obligation and does not intend to update or alter these forward-looking statements, whether as a result of new information, future events, or otherwise.