Internet security firm Check Point today announced record financial results for the fourth quarter and full year ending 31 December 2011, with total revenue for the year at $1.24bn (£812m) representing a 14% increase year over year, writes Linda Endersby. Fourth quarter sales were $356.8m representing a 12% increase.
"The fourth quarter provided a great finish to an excellent year with revenues and earnings reaching all time highs, and exceeding our initial projections for the year," said Gil Schwed, founder, chairman and CEO.
During 2011 Check Point introduced its 3D Security vision, designed to help customers redefine security as a "three dimensional business process" and during the fourth quarter, continued to expand that vision with new product introductions and business expansion with the acquisition of governance, risk management and compliance specialist Dynasec.
"We are very pleased with the acceptance and enthusiasm surrounding our new products and technologies in the marketplace," added Shwed,
Check Point was also awarded "Network Security Vendor of the Year" by Frost & Sullivan.
"We had a terrific year in 2011 with the introduction of new technologies and record financial results. In closing, I would like to thank our customers and partners for their support, as well as our employees for their continued dedication and innovation that made 2011 such a great year," concluded Shwed.