Feeds

Check Point says Sept 11 cost it $15-$20m

Still showing profit, taking on staff

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Check Point Software, best known as a supplier of firewall and VPN products, has reported healthy third quarter profits despite estimating the tragic events of September 11 cost it between $15-$20 million, due to interruption of its business.

Revenues for Check Point's third quarter were $118.0 million on which it recorded a net income of $74.3 million, compared to net income of $61.6 million for Q3 2000. Last quarter Check Point failed to meet sales expectation, so things seem to have improved.

Check Point generated positive cash flow of $78.2 million in the third quarter, bringing total cash and interest bearing investments to $944.2 million on September 30, 2001.

Unusual for an IT firm, Check Point increased the number of people who worked for it during the quarter. It added 25 security specialists to its field operations staff.

During the quarter, the firm began shipping Check Point Next Generation (NG), a major revision of its flagship Internet security software, which increased the throughput which its firewall products could operate at. Benchmarks delivered over 500 Mbps throughput on $4,000 midrange PCs/servers and "Secured by Check Point" appliances.

It plans to upgrade this product line with a feature pack improving VPN performance, availability and ease-of-management, next quarter. ®

External Links

Check Point's Q3 results

Related Stories

FireWall-1 users feel the heat from security bug
Checkpoint Software misses sales expectations
Checkpoint 'abuses dominant position'
Microsoft struts into Net security market

Internet Security Threat Report 2014

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.