Check Point reports Q2 profit rise
Executive attributes growth to popularity of company’s software blades
Network security vendor Check Point has reported a 15% year-over-year increase in revenue, which rose to $301 million from $261 million in its Q2 2010.
Also during Q2, Check Point experienced rising profits, increasing 23% to $150 million from $122 million from the year-ago period. The company also reported an operating margin of 50%, compared to 47% in the second quarter of 2010.
Company executives attribute the steady growth to the rising popularity of the company's software blades, due in part to their ease of deployment and flexibility.
"The first half of 2011 produced great results. We continued to outperform our projection in Q2. These good results are driven by increased sales of enterprise gateways with more software blades attached," said Gil Shwed founder, chairman and chief executive officer, Check Point in a statement. "Our security focus is continuing to pay off. I'm pleased to see that customers are adopting more software blades to enhance their threat protection and raise the level of security in their organisation. We will continue to deliver on our 3D security vision combining policy, people and enforcement to provide the best protection for our customers."
Shwed added that in particular, the company's IPS and application control blades experienced the strongest growth during Q2.
The company says, the success of this quarter continues to validate its product innovation and continued growth as a pure-play security company. In addition, significant recent developments in Check Point's business include the introduction of new products.