VASCO Reports Results for Second Quarter and First Six Months of 2010

Revenue for the second quarter 2010 was $24.7 million, an increase of 1% compared to the second quarter 2009; Operating income for the second quarter 2010 was $1.6 million, an increase of 17% compared to the second quarter 2009. Guidance for full-year revenue growth in 2010 over 2009 is being reduced. Financial results for the period ended June 30, 2010 and guidance for full-year 2010 will be discussed on conference call today at 10:00 a.m. E.D.T.

PR Newswire -- July 27, 2010





OAKBROOK TERRACE, Ill. and ZURICH, July 27 /PRNewswire-FirstCall/ -- VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), today reported financial results for the second quarter and six months ended June 30, 2010.



Revenue for the second quarter of 2010 increased 1% to $24.7 million from $24.5 million in the second quarter of 2009, and for the first six months of 2010, increased 2% to $48.7 million from $47.6 million for the first six months of 2009.



Net income for the second quarter of 2010 was $1.1 million, or $0.03 per diluted share, a decrease of $0.9 million, or 47%, from $2.0 million, or $0.05 per diluted share, for the second quarter of 2009. Net income for the first six months of 2010 was $1.7 million, or $0.04 per diluted share, a decrease of $3.8 million, or 70%, from $5.5 million, or $0.14 per diluted share, for the comparable period in 2009.



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