Credit where credit is due

Over the years on my blog I have repeatedly called out private security companies who put our puff press releases touting another record breaking quarter, but don’t actually release the actual numbers to back up those claims.  Anyone can say they had a great quarter at 140% of goal. 

Public companies on the other hand have to file extended financial information and their us usually a street estimate of what they were supposed to hit, so you can have a hit or miss.  Usually it is unfair then to compare the private company boasting with actual performance metrics of public companies.

Recently however some of the private security companies (maybe in a better market condition they would be public now) have put out some numbers to back up their claims of doing well in this market. CRN has a good article detailing  the impressive growth numbers of both Sophos and Fortinet. You can get the particulars on the CRN site, but both companies seem to be doing very well even in these tough economic times.  The growth, profitability and transparency are all impressive. Congratulations to both organizations. It certainly seems to prove the hypothesis that in good times or bad, there will be winners and losers. Good execution will always be prepared.