News Articles

SurfControl Posts Record Second Quarter Results Driven by Demand for Multi-layered Internet Threat Protection

SurfControl, the world leading Internet security company providing enterprise Web and E-mail filtering, reported financial results for the second fiscal quarter of 2005, ending December 31, 2004.

Revenue for the second fiscal quarter of 2005 increased 17% to $24.7 million from $21.2 million for the second quarter of 2004. Revenues for the half year to December 31, 2004 increased 15% to $47.1 million compared to $40.8 million for the same period last year. Free cash flow remained strong, the Company has no debt, and ended the quarter with $89.9 million in cash. Full details of the second quarter financial results are available on the "Financial Information" page in the Investor section of the Company's Website at www.surfcontrol.com.


Dramatic Growth in Desktop Firewalls

The security market has proven to be one of the fastest growing sectors in the IT industry. One just need read the recent IT press to understand how threatening security actually is. In particular, worms, trojan horses and other malicious software that execute on computers, exposing corporations, their security and stability of their corporate networks.

"We believe the immediate danger relates to laptops which temporarily, but often, leave the corporate network and attach to networks not controlled by the corporate perimeter firewall", says Ighsaan Akoojee, Product Manger at Networks Unlimited. "Our research shows that more than 50 % of corporate laptops do not have personal firewalls". This is an alarming statistic given the likelihood of infection.