Internet Security Systems (ISS) reported its profit decreased 20.6 percent on lower revenue in the third quarter of 2003.
ISS had net income of $5 million on $60.1 million in revenue in the third quarter, compared with net income of $6.3 million on $61.8 million in revenue in the third quarter of 2002. Earnings were 10 cents a share, down from earnings of 13 cents a share in the third quarter last year.
“We are delighted with the results of our team’s efforts this quarter,” said ISS President and CEO Tom Noonan, who also serves as chairman. “ISS continues to take a leadership role in security products and service innovation, delivering complete, cost-effective protection and simplicity.”
Through nine months, the Atlanta-based company had net income of $15.3 million on $178.7 million in revenue, compared with net income of $13.8 million on $180.2 million in revenue in the same period of 2002. Earnings through nine months were 31 cents a share compared with earnings of 28 cents a share in the same period of 2002.