Vasco Data Security (VDSI) Reports In-Line Q2 EPS; Boosts FY11 Outlook

Vasco Data Security Int\'l (NASDAQ: VDSI) reported Q2 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $43 million versus the consensus estimate of $35.82 million.

Increases FY11 revenue growth from 20 to 40 percent. Operating margins, excluding expenses related to the amortization of acquisition-related intangible assets, for full-year 2011 are projected to be in the range of 8% to 12% of revenue, no change from guidance previously announced, but are expected to be at the lower end of the range.

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