The following is a summary of the Radware Ltd. (RDWR) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Radware reported Q2 2024 revenue of $67 million with a non-GAAP earnings per share of $0.20, both exceeding guidance.

• Cash flow from operations was $23 million in Q2 2024, and net income nearly doubled compared to the same period last year.

• Total ARR reached approximately $217 million, representing a 7% year-over-year growth.

Business Progress:

• The introduction of EPIC-AI enhances Radware's product offerings significantly, strengthening its capabilities in attack detection and mitigation.

• Expansion of the cloud security platform led to a 19% year-over-year increase in cloud ARR.

• Multiple new capabilities and services were added to the cloud security platform, such as DNS-as-a-Service and a compliance solution for PCI DSS 4.0.

• Opening of a new cloud security service center in Paris to meet local compliance and resiliency requirements.

Opportunities:

• Continuous increase in cyber attacks presents a substantial opportunity for Radware's DefensePro X and cloud security solutions.

• Rising demand for AI-powered cybersecurity solutions and API protection.

Risks:

• Although signs of recovery are noted, customer spending has not yet returned to previous levels, potentially affecting the pace of future revenue growth.

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