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Strong iPhone Sales Drive Record March Quarter Revenue and 15 Percent EPS Growth

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Security Appliance Market Growth Slows in First Quarter, According to IDC

27/06/2013 12:57 (301 Day 08:52 minutes ago)

The FINANCIAL -- Factory revenue rose in the first quarter of 2013 (1Q13) compared to Q1 2012, while unit shipments declined over the same period, according to the International Data Corporation (IDC) Worldwide Quarterly Security Appliance Tracker.



Worldwide factory revenue was up 3.4% year over year to $2.0 billion, as shipments decreased -6.8% to 472,306 units. The shipment decline was due in large part to Cisco, which has transitioned to new appliances with a higher price point causing revenue to remain more consistent compared to declining units. The year-over-year growth rate for factory revenue was the lowest since Q1 2010, according to IDC.

Geographically, Canada saw the highest year-over-year growth in the quarter (16.4%), followed by Japan (8.6%). Asia/Pacific (excluding Japan) continued to see steady growth (7.1%) and accounted for more than 16% of worldwide factory revenue. Western Europe also built on a strong fourth quarter and saw factory revenue rise 3.9% versus 1Q12. Asia/Pacific (excluding Japan) was the only region to see a year-over-year increase in unit shipments in the quarter (2.8%). The United States recorded a -0.2% decline in factory revenue and a unit decrease of -10.2% compared to 1Q12, according to IDC.

"The government sector seemed to impact the results somewhat in the United States," said John Grady, Research Manager, Security Products at IDC. "However, all organizations continue to prioritize security within their overall IT budget. With advanced, targeted threats a growing concern, IDC expects continued high single-digit growth in the overall security appliance segment over the course of 2013," he added.

Cisco continues to lead the overall security appliance market with a 16.6% share in factory revenue for the first quarter, but this was down from 17.8% in the prior year period. Check Point held the number 2 spot with a 12.5% share for the quarter as revenue increased 5.7% compared to the first quarter of 2012. Fortinet saw the largest revenue growth among the top five vendors at 16.6%. The combined shares of the top 5 global vendors represented 49% of the market in Q1 2013. Blue Coat, Palo Alto Networks, and Sophos were some of the vendors outside the top 5 seeing strong growth in the quarter, according to IDC.



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“The former Yugoslav Republic of Macedonia”: presidential election and early parliamentary elections

23/04/2014 16:38 (1 Day 05:11 minutes ago)

The FINANCIAL -- A 14-member delegation of the Parliamentary Assembly of the Council of Europe (PACE), led by Stefan Schennach (Austria, SOC), will travel to “the former Yugoslav Republic of Macedonia” from 25 to 28 April to observe the conduct of the presidential election (2nd round) and the early parliamentary elections, alongside observers from the OSCE’s Parliamentary Assembly and Office for Democratic Institutions and Human Rights (ODIHR), according to PACE.



Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (5 Day 08:09 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

Zurich identifies seven cyber risks that threaten systemic shock

23/04/2014 17:00 (1 Day 04:49 minutes ago)

The FINANCIAL -- The recently published Zurich Cyber Risk Report, created in collaboration with the international think tank Atlantic Council, argues that cyber-risk management professionals need to look beyond their internal information technology safeguards to interconnected risks which can build up relating to counterparties, outsourced suppliers, supply chains, disruptive technologies, upstream infrastructure and external shocks, according to Zurich Insurance Company.


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