Checkpoint Software misses sales expectations
Competition too tough?
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. ®