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Appliances driving Check Point growth

Simon Quicke

Security appliances have continued to deliver the business for Check Point with the vendor pointing to its hardware portfolio as one of the main areas of growth.

The vendor was able to report a 8% increase in revenues for its third quarter rising to $332.4m and non-GAAP operating income of $195.6m, a climb of 8% year-on-year.

Expectations of decent financial results from security firms are fairly standard but the founder, chairman and CEO Gil Shwed said that the final numbers were at the top end of what it was expecting.

"Third quarter results continued to be good with healthy growth in enterprise appliance units and software blade sales. Our revenues and earnings per share came in at the upper half of our projections," said Shwed.

He didn't break down the performance of the vendor in the UK and Europe but did speak of its performance on the other side of the Atlantic: "Geographically, North America continued to deliver great results with double digit growth in product and service revenues."


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