Israeli information security company Check Point Software Technologies Ltd. (Nasdaq: CHKP) today published its financial results for the second quarter of 2015. The report shows that the company has once again outperformed the analysts' forecasts for sales and net profit, while meeting its own forecasts.
Check Point's second quarter net profit was $162.6 million, $0.99 per share in non-GAAP reporting, on $395 million in revenue, 9% more than in the corresponding quarter last year, when its profit was $0.89 per share on $362.6 million in revenue.
Wall Street analysts predicted a profit of $0.95 per share on $392.58 million in revenue for the second quarter, while the company forecast a profit of $0.90-0.99 per share on $380-400 million in revenue.
Check Point's non-GAAP operating profit totaled $221 million in the second quarter, 7% more than in the second quarter of 2014. Check Point spent $245 million on buying its own shares in the quarter in the framework of its expanded buyback program.
Founded by chairman and CEO Gil Shwed, Check Point's market cap is $14.24 billion. The company has 3,500 employees, including 1,600 in Israel.
Published by Globes [online], Israel business news - www.globes-online.com - on July 22, 2015
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