Commtouch (CTCH) Posts Q3 Financial Results and Highlights, Reaffirms Full-year Guidance
Commtouch, a leading cloud-based Internet security provider, today announced its 2011 third-quarter results and business highlights for the three months ended September 30, 2011. The company reported third-quarter revenue at $5.9 million, a 27 percent increase compared to $4.6 million in the third quarter of 2010. Net income for the third quarter of 2011 decreased 16 percent to $887,000, or $0.04 per diluted share, compared to $1.1 million, or $0.05 per diluted share, reported for the third quarter of 2010. Commtouch’s deferred revenues (long-term and short-term) as of September 30, 2011, totaled $4.1 million compared to $3.5 million in deferred…