RSA Security ( RSAS) said late Wednesday that it boosted its revenue over 20% and its profit was in line with the Street's forecast, though income fell from a year ago. For the second quarter, RSA earned $2.8 million, or 4 cents a share, on the bottom line, falling from $8.5 million, or 12 cents a share, in the same period a year ago. Excluding stock-based compensation and restructuring, among other items, the security company earned $10.6 million, or 14 cents a share. On that basis, the company met the Thomson First Call average estimate. The company did not report non-GAAP earnings from the second quarter of 2005. On the top line, RSA posted revenue of $94.4 million, rising 23% from $76.5 million in the year-ago quarter. That surpassed the consensus estimate, which pegged RSA for $91.2 million. Bookings for the quarter grew 38% from the second quarter of 2005 to $108.7 million. "RSA Security had another outstanding quarter with both record revenue and orders, a clear indication that spending on key identity-centric security initiatives and encryption continues to be a top priority," RSA CEO Art Coviello said in a statement. He said the company was "extremely excited" about its
agreement to be acquired by EMC ( EMC). The deal is expected to close late in the third quarter or early in the fourth quarter. Citing the impending acquisition, the company did not provide any guidance for the current quarter. After the regular session, shares of the company rose 18 cents to $27.70, adding 0.7%.