Internet security specialist Check Point has reported a slight increase in net profits for its Q1 on the back of revenue growth indicating that the sector it operates in remains bouyant.
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The vendor reported an increase in net profits to $80.9m from $78.3m on a 2% increase in revenue to $195m compared to the year before.
There have been indications that the security sector is holding up with recent vendor results along with ComputerLinks pointing to stable spending. CA has also published findings from a global survey that indicated that customers are either planning to keep IT security budgets flat or increase them.
In a statement, Check Point chairman and CEO Gil Shwed said that it had been able to defy the recession because customers still required tools to counter internet threats.
Check Point recently concluded the acquisition of Nokia Security Appliances and on the back of that along with some recent enterprise products Shwed argued that it would be able to keep on track over the rest of the year.