Check Point doubles growth

Cybersecurity outfit Check Point has more than doubled its rate of growth in a year.

The cybersecurity firm saw total revenues reach $571 million which was a nine percent increase year over year, while its GAAP operating income hit $209 million, representing 37 percent of revenues.

Part of the rise was down to product and licensing revenues, which saw a 12 percent increase year over year to $133 million.

And security subscription revenues also rose 14 percent, hitting $210 million in the latest quarter.

Check Point CEO¬†Gil Shwed, said he was “pleased” with the results, saying revenues were more than double the rate of a year ago.

He said: “Over the past quarter, cyber-attacks have increased by 32 percent while advanced attacks like ransomware have grown by 59 percent, underscoring why cyber-security is so critical to keep our world going.

“Our strategic vision of a consolidated prevention-first security architecture is more relevant than ever to combat today’s cyber challenges.”