Net income was up 25% in Q4
Check Point Software Technologies has reported total net revenue of $319m for the fourth quarter of 2010, an increase of 17% compared to $272.1m for the same period last year.
Revenue from products and licenses grew 19% year-over-year to $143.1m, and software updates, maintenance and services revenue grew 15.4% to $175.4m.
The company posted an operating income of $162m for the fourth quarter of 2010, an increase of 24%, compared to $130.6m for the same period last year.
For the fourth quarter ended 31 December 2010, the company posted net income of $137.4m, an increase of 25% compared to a net income of $110m for the same quarter a year ago.
Net income per share was up 25% to $0.64 from $0.51 per share for year ago quarter.
The company posted revenue of $1.09bn for the full year ended December 31 2010, an increase of 19%, compared to $924m in 2009.
Operating income for the year was $535m, up 29% from $415m in 2009.
Net income was up 27% to $453m from $358m in 2009, and net income per share increased to $2.13 from $1.68.
Check Point Software Technologies founder, chairman, and CEO Gil Shwed said the company exceeded its own expectations delivering close to $1.1bn in revenues and $2.48 in earnings per share (Non-GAAP).
"Our exceptional performance was driven by demand for our network security products, which is a market in which we continued to gain share and we also extended our market reach with our Intrusion Prevention System (IPS), Data Loss Prevention (DLP) and Mobile Access Software Blades," Shwed said.