Vasco Data Security International Q4 Profit Rises

(RTTNews) - Vasco Data Security International Inc. (VDSI) reported that net income for the fourth quarter ended December 31, 2013 rose to $3.2 million or $0.08 per share from $2.0 million, or $0.05 per share in the fourth quarter of 2012.

Net income from continuing operations for the fourth quarter was $3.3 million, or $0.09 per share, an increase from $2.2 million, or $0.05 per share, last year.

Revenue from continuing operations for the fourth quarter of 2013 increased 11% to $43.3 million from $38.8 million in 2012.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.06 per share and revenues of $40.00 million for the quarter. Analysts' estimates typically exclude special items.

For full-year 2014, Revenue from traditional business, which excludes its new service product offerings (DIGIPASS as a Service and MYDIGIPASS.COM), is expected to be in the range of $160 million to $165 million, and Operating income as a percentage of revenue, excluding the amortization of purchased intangible assets, is projected to be in the range of 11% to 13%.