Check Point maintains revenue, profit growth in Q2

Gil Shwed

Check Point CEO: Results were towards the high end of our expectations.

Israeli cyber security provider Check Point Software Technologies Ltd. (Nasdaq: CHKP) maintained its steady increase in revenue and profit in the second quarter of 2016.

Revenue was $423 million in the second quarter, up 7% from $395 million in the second quarter of 2015. Non-GAAP net profit was $190 million ($1.09 per share), up 4% compared with $183 million ($0.99 per share) in the second quarter of 2015.

Check Point founder and CEO Gil Shwed said, "We had a good second quarter with results toward the high-end of our expectations. Our newly launched security appliance lines optimized for threat prevention were embraced by customers and resulted in a marked increase in unit sales. In addition, our advanced threat prevention and zero-day malware protection software experienced high-growth and contributed to the acceleration in our software blades subscriptions revenues."

Published by Globes [online], Israel business news - www.globes-online.com - on July 26, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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