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Check Point revenues up as security demand continues

Microscope contributor


The security industry has been seen by many in the childrenas protected from the worst of the recession because the threats never stopcoming via the web.

 

Backing up that general view Check Point has posted anincrease in fourth quarter revenues although net profits have slipped slightlyyear on year.

 

Gil Shwed, chairman and CEO of Check Point, said that it hadbeen operating a ‘Total Security’ strategy, which seemed to be paying off withstrong sales across all territories.

 

In the last quarter the vendor announced plans to acquireNokia’s enterprise security business and integrate it into its own networksecurity line. That deal is expected to be finalised in the next couple ofmonths.

 

Shwed thanked partners for their contribution to the quarterand to a strong financial year that saw revenues increase by 11% from $730.9mto $808.5m. GAAP net income for the year rose by 15% to $324m.

 

Check Point has been one of the most vocal vendors in thedrive to move security away from being a reactionary industry to one that isproactively countering threats before they emerge and UK countrymanager Nick Lowe told MicroScope last year of its ambitions to become evenmore relevant to customers.


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