Check Point product launches boost revenues

Check Point has pointed to a raft of product launches as the main contributing factor to explain a decent set of Q3 numbers ending September 30 2011 exceeded its own projections, writes Mar Dixon.

Check Point has pointed to a raft of product launches as the main contributing factor to explain a decent set of Q3 numbers ending September 30 2011 exceeded its own projections, writes Mar Dixon.

Total revenue increased by 13% to $308.3 million from third quarter of 2010 $273.2 million. GAAP net income also showed an increase raising 17% from $114.5 million in the third quarter of 2010 to $134.1 million this quarter.

Non-GAAP Net Income recognised a 15% increase up from $132.6 million to third quarter earnings of $152.9 million. Non-GAAP earnings per diluted share rose from $0.63 to $0.72, a 14% increase.

"'I am very pleased that we delivered record results for the third quarter. We exceeded our projections as a result of growth in all regions' states Gil Shwed, founder, chairman and CEO at Check Point Software Technologies.

Check Point continued to build on 3D security in the third quarter with the introduction of R75.20 release, which is based on SoftwareBlade Architecture. Additionally, SecurityPower a new metric for security performance has recently been introduced.

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