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AP
Zix Expects to Meet Its 4Q Sales Outlook
Tuesday January 8, 11:08 am ET
Zix Expects to Meet Its 4th-Quarter Revenue Outlook on Strong Results From Businesses
DALLAS (AP) -- Zix Corp. said Tuesday it expects to meet its fourth-quarter sales forecast on strong results from its e-mail encryption and e-prescribing operations.
The company previously predicted quarterly revenue between $6.3 million and $6.8 million.
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Fourth-quarter e-mail encryption orders totaled $6.5 million, leading to a full-year order total of $24.2 million, which is 38 percent higher than the year-ago period. Zix said its PocketScript unit surpassed the high end of its fourth-quarter e-prescribing deployment outlook of 250 to 300 deployments with 327 deployments.
The company estimates 2007 revenue in a range of $23.4 million to $23.9 million, which would be a 28 percent to 30 percent increase from the prior year's results.
Zix also extended a distribution deal with Postini Inc. to package its e-mail encryption service with Postini services and offer them to the Google Inc. unit's customer base.
Shares of Zix gained 28 cents, or 7.5 percent, to $4 in morning trading. The stock has traded in a range of $1.16 to $6.24 over the past year.
