Check Point reveals Q2 Financial Results

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Check Point reveals Q2 Financial Results

Check Point has announced its financial results for the second quarter ending June 30, 2011, with the total revenue of $300.6 million, an increase of 15 per cent, compared to $261.1 million in the second quarter of 2010.

"The first half of 2011 produced great results. We continued to outperform our projections in the second quarter. These good results are driven by increased sales of enterprise gateways with more software blades attached. In particular, our IPS and Application Control software blades have shown significant growth in the second quarter," said Gil Shwed, Founder, Chairman & CEO, Check Point Software Technologies.

"Check Point is very proud of its accomplishments and is very excited about the future. The results are a testimonial of the continuous improvement in our execution after the strong acceptance of Software Blades in the market, especially in the IPS space. Check Point's focus has always been on making it simpler for customers to secure and manage their digital assets," said Bhaskar Bakthavatsalu, Regional Director, India & SAARC, Check Point Software Technologies.

In addition, Check Point's Founder, Chairman & CEO, Gil Shwed, along with Tal Payne, CFO, and the company's board of directors, rang the NASDAQ opening bell on June 28, 2011, commemorating the company's fifteenth anniversary since its initial public offering in 1996.

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