Corero Network Security slumps as Eurozone crisis bites

Corero Network Security, which provides computer security solutions, has reported a first half loss as headwinds from the Eurozone and increased marketing spend have taken their toll.

Corero Network Security, which provides computer security solutions, has reported a first half loss as headwinds from the Eurozone and increased marketing spend have taken their toll.

Revenues in the six months to the end of June were $10.8m, against $7.4m in the same period of last year. So far, so good. But the group reported a profit last year of $0.1m for the first half, whereas this year it's revealed a loss before tax of $1.7m, resulting in a loss per share of 4.9 cents.

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