VASCO revenue up 14% YoY

VASCO Data Security International, Inc. (NASDAQ: VDSI) said revenue from continuing operations for the third quarter of 2015 increased 14 percent to USD60.0 million from USD52.6 million in the third quarter of 2014, and for the first nine months of 2015, increased 37 percent to USD190.6 million from USD139.1 million for the first nine months of 2014.

Net income from continuing operations for the third quarter of 2015 was USD11.2 million, or USD0.28 per diluted share, both unchanged from the third quarter of 2014. Net income from continuing operations for the first nine months of 2015 was USD38.7 million, or USD0.97 per diluted share, an increase of USD17.1 million, or 79 percent, from USD21.6 million, or USD0.55 per diluted share, for the comparable period in 2014.

Net income, which includes the impact of our discontinued operations, for the third quarter of 2015 was USD11.2 million, or USD0.28 per diluted share, unchanged from the third quarter of 2014. Net income for the first nine months of 2015 was USD38.7 million, or USD0.97 per diluted share, an increase of USD17.1 million, or 79 percent, from USD21.6 million, or USD0.55 per diluted share, for the comparable period in 2014.