Sourcefire says net income tripled after jump in government sales

February 25, 2010|By Jamie Smith Hopkins | jamie.smith.hopkins@baltsun.com

Sourcefire Inc., a Columbia cybersecurity company best known for its Snort intrusion-prevention technology, said Thursday that its net income nearly tripled in the fourth quarter of last year to $6.7 million, compared with a year earlier.

Revenue was $35.3 million, up 37 percent from a year earlier. The company earned $8.9 million in profits in all of 2009, the first year since it went public in March 2007 that it wasn't in the red.

One driver was a nearly twofold increase in sales to the federal government.

Sourcefire manages Snort, which is open source, and sells software designed to work with that technology.

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