View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 14, 1997updated 03 Sep 2016 2:28pm


By CBR Staff Writer

A 91% increase in revenue from continuing operations for the 12 months to June 30 was not enough to protect security and firewall company Cyberguard Corp from losses of $12.4m. But investors are unlikely to be discouraged because this is a company heading aggressively in the right direction after recording a $31.7 loss in the previous year. Robert Carberry, chairman, president and chief executive officer, said that International Data Corp projected the firewall industry to grow at 44% by revenue and 100% by units over the past year. Cyberguard grew at twice the annual revenue growth rate and almost twice the annual growth rate during the past year. He said that the company had completed the transition from a proprietary hardware/software manufacturer to a one-stop provider of predominately software products and services. As a result, we continue to recognize significant quarter-to-quarter margin improvements with a 63% gross profit margin for the quarter just ended, said Carberry. He believes that relationships with key partners such as Data General Corp and SCO Inc will further contribute to the bottom line.

Content from our partners
Powering AI’s potential: turning promise into reality
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.