WatchGuard has announced its Q3 financial results which continued a seven-quarter trend of double-digit year-over-year growth.
The business security solutions provider says the results are driven by demand for WatchGuard’s core firewall and Unified Threat Management (UTM) products, with the Asia Pacific region experiencing year-on-year gains of 42%.
While other UTM vendors have reported year-on-year declines in Q3 revenues, WatchGuard’s growth trend continues with 13% overall UTM growth.
Enterprise-class products, such as the XTM 8, 10, and 20 Series, targeted at mid-sized and large distributed enterprises, showed a significantly higher rate of growth according to the company.
Newly updated 5 Series
WatchGuard credits much of its Q3 success to its newly updated XTM 5 Series UTM appliances, with the solutions completely replacing the previous generation of the XTM 5 Series within two months of availability.
“WatchGuard decided five years ago to base our UTM products on industry standard hardware,” says Pat Devlin, Regional Director ANZ at WatchGuard Technologies.
“This lets us move our UTM technology quickly and efficiently to newly emerging high-performance platforms, as we demonstrated in Q3 with our high-selling 5 Series.
"These high-performance products have proven extremely popular with customers.”