Check Point announces 4% revenue rise for Q3 2018 and Dome9 acquisition

Published on: 2 Nov 2018

Check Point Software Technologies enjoyed a four per cent revenue increase for the third quarter of 2018.

The cyber security software developer turned over $471 million (£363.2 million) between July and the end of September - a rise on the $455 million from the same quarter a year earlier.

This marked a slight increase in operating income, reported at $226 million compared to $225 million in the third quarter of 2017.

Gil Shwed, founder and chief executive of Check Point Software Technologies, said results for Q3 2018 reached the top end of the company’s projections, with the US and Europe performing better than anticipated.

Along with the Q3 results, Check Point has also announced the acquisition of Tel Aviv-based cloud security firm Dome9.

“This new addition to Check Point’s Infinity architecture delivers enhanced cloud security with advanced active policy enforcement and multi-cloud protection capabilities,” added Mr Shwed.

“The combination of Dome9 and Infinity CloudGuard product family further differentiates Check Point in the rapidly evolving cyber security environment.”

Founded in 2011, Dome9 enables security and compliance for rapid public cloud adoption, with its customers using the platform to secure multi-cloud deployments across Amazon AWS, Microsoft Azure and Google Cloud.

The company provides significant cloud-native security capabilities including intuitive visualization of security posture, compliance and governance automation, privileged identity protection and cloud traffic and event analysis, enabling cloud deployments safer and more manageable.