“I hope we see some improvement this quarter, and I anticipate further growth in Q4 and next year, 2024.”

In context

“Gil Shwed (CEO): I hope we see some improvement this quarter, and I anticipate further growth in Q4 and next year, 2024. There’s a noticeable shift in many clients, where a significant portion of our business has transformed into annuity business through Infinity contracts, creating stability and long-term customer relations. While I want clients to refresh old appliances for improved performance and security, the fact that many are content with current products reflects our quality; some of these products are years old and still functioning exceptionally well. I aim to foster greater demand for upgrades to ensure we capture additional revenues, while also benefiting from clients' positive experiences with our products.”