Imperva Q1 2014 revenue up from prior year's Q1

Imperva, Inc. (NYSE: IMPV) reported its total revenue for the first quarter of 2014 was USD31.5m compared to USD28.6m in the first quarter of 2013.

Within total revenue, product revenue was USD12.0m compared to USD14.2m in the same period last year. Services revenue increased 35 percent year-over-year to USD19.5m and accounted for 62 percent of total revenue, up from 50 percent in the first quarter of 2013. Within services revenue, overall subscription revenue grew 124 percent to USD4.6m, compared to the first quarter of 2013. Combined product and subscriptions revenue was USD16.6m compared to USD16.2m in the first quarter of 2013.

Operating loss as reported in accordance with GAAP was USD(17.8)m for the first quarter compared to a loss of USD(6.0)m during the first quarter in 2013. GAAP results included stock-based compensation expense of USD6.7m for the first quarter of 2014 and USD2.9m for the first quarter of 2013. GAAP results also included amortization of intangibles and acquisition related expenses of USD0.2m and USD1.4m, respectively, during the first quarter of 2014.

Imperva, pioneering the third pillar of enterprise security, fills the gaps in endpoint and network security by directly protecting high-value applications and data assets in physical and virtual data centers. The company is headquartered in Redwood Shores, California. Learn more: www.imperva.com,

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