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Checkpoint Software misses sales expectations

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Check Point Software has announced its Q2 sales have missed expectations.

The firewall firm said revenue for the period ending 30 June was $140 million to $142 million, below the predicted $149.5 million. Sales for the period a year earlier were $90.7 million.

The full results will be posted on 23 July.

Maybe its sales were affected by the arrival of Finnish security firm Stonesoft. Stonesoft has lodged a complaint to the European Commission alleging Checkpoint Software has abused its dominant position in the firewall software market.

The pair were partners until March this year when Stonesoft released a software firewall and VPN product, which competed head-on against Checkpoint products. ®

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