Check Point feeling bullish in 2006

Security giant Check Point is boasting ‘record’ fourth quarter and year end 2005 financial results. 

The vendor saw turnover for the quarter ended 31 December 2005, increase nine per cent to $156.1m compared to $143m in the same quarter a year ago. Profit was $90.9m, up 15 per cent on the $78.7m posted in 2004. For the year-end turnover increased 12 per cent to $579.4m compared to $5154.4m in 2004. Profit was $319.7m, up 29 per cent compared to $284.4m the previous year.

Gil Shwed, chief executive of Check Point said: “The fourth quarter business provided a strong finish to the year 2005. Our fourth quarter and annual 2005 financial results reached record levels across earnings per share, revenues, deferred revenues and cash balances.

“We’ve continued our expansion in 2005 by strengthening our Unified Security Architecture and delivering a unique set of integrated network security solutions for our customers. We believe that our technology, breadth of solutions and customer acceptance will serve as the foundation for our future success,” he added.

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