Endace reports US$22.5 mln FY loss, gets letter of support from US parent

Mon, 22 Dec 2014

By Fiona Rotherham Dec. 23 (BusinessDesk) - The board of Endace Group, which develops technology that measures, monitors and protects high-security networks, has obtained a letter of support from its US-listed parent Emulex that it will provide any financial assistance required over at least a 12-month period from Dec.10 2014. The company reported a net loss of US$22.5 million for the year ended June 29, which can’t be directly compared with the loss of US$7.2 million the previous year because of a change in its reporting date from March...

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