Check Point revenues up as security demand continues


Check Point revenues up as security demand continues

Microscope contributor

The security industry has been seen by many in the children as protected from the worst of the recession because the threats never stop coming via the web.

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

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

In the last quarter the vendor announced plans to acquire Nokia’s enterprise security business and integrate it into its own network security line. That deal is expected to be finalised in the next couple of months.

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

Check Point has been one of the most vocal vendors in the drive to move security away from being a reactionary industry to one that is proactively countering threats before they emerge and UK country manager Nick Lowe told MicroScope last year of its ambitions to become even more relevant to customers.

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