Feeds

Malware maelstrom boosts SurfControl sales

Enterprise demand

  • alert
  • submit to reddit

Intelligent flash storage arrays

Shares in UK-based censorware outfit SurfControl rose more than three per cent this morning with the release of healthy quarterly earnings results.

For the quarter to 31 December 2004 (Q2 2005), SurfControl sales reached $24.7m (£13.1m) up 17 per cent from $21.2m in Q204. Revenues for the half year to December 31, 2004 increased 15 per cent to $47.1m (£25m) compared to $40.8m for 1H04. But profits before tax were down 29 per cent for Q205 to $2.9m as a result of one-off charges for the recent acquisition of Chinese security firm SecureM.

SurfControl anticipates revenues between $97m and $102m for its current financial year, with earnings before bad stuff of $17.7m to $22m.

SurfControl said "increasingly malicious and criminal internet threats" and regulatory compliance requirements drove enterprise demand for its net and email filtering products. During the quarter, he company added 1,100 new customers, including China Southern Airlines, United Broadcasting Corporation Thailand, Daimler Chrysler and the British Olympic Association. SurfControl said its newly launched email security appliance, RiskFilter, brought in a number of sales and went down well with its channel partners.

Viruses and spam are a pain for most of us - but they're a boon for content filtering firms, such as SurfControl. Emerging threats such as spyware and phishing are further driving demand. IDC estimates the secure content market will grow to $7.5bn by 2008 with the web and email filtering segments growing by 23 per cent and 34 per cent per annum respectively.

SurfControl's shares put on 3.5 per cent after its earning's results this morning to reach 621.50p at the time of writing, up 21.5p from close yesterday. The shares are still substantially down on the 762p SurfControl shares were changing hands at for at the start of 2004. ®

Related stories

PCs throw nine sickies a year
SurfControl secures MessageSoft
Botnets, phishing and spyware

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.