Appliances drive Check Point growth

Security appliances helped bouy the second quarter performance of Check Point

A decent performance by its security appliance line helped underpin some solid numbers for Check Point in its second fiscal quarter.

The network security provider delivered total revenues of $328.6 million, representing a 9% increase year over year with operating income of $193.6 million, for the three months ended 30 June.

“I’m pleased with the continued growth of our revenues and earnings in the second quarter,” said Gil Shwed, founder, chairman, and chief executive officer of Check Point Software Technologies.  

“We’ve seen great acceptance of our new security appliances as a platform of choice for security consolidation.  During the quarter, enterprise appliance units grew by over 20% and continued to drive market share gains,” he added.

Shwed added that the results had to be seen against a backdrop of difficult economic conditions, which continue to be a feature of the market.

The company also announced in a separate release that the board of directors authorized the expansion of the on-going share repurchase program. Under the expanded plan, Check Point is authorized to repurchase up to one billion dollars of its outstanding shares during the next two years.

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