Check Point posts stronger than expected Q4 results

Gil Shwed

The Israeli data security company beat the analysts on both profit and revenue.

Israeli data security company Check Point Software Technologies Ltd. (Nasdaq: CHKP) has reported stronger than expected fourth quarter results, beating the analysts on both profit and revenue. Fourth quarter revenue was $458 million, up 9% from the corresponding quarter of 2014. Non-GAAP earnings-per-share was $1.20, up 12% over last year.

Full year revenue was $1.63 billion, up 9% from 2014, and full year non-GAAP earnings per share was $4.17, up 12% from 2014.

Check Point CEO Gil Shwed said, "Our investment in advanced threat prevention and mobile security are producing results. In 2016, we will continue to provide threat prevention solutions and technologies that will enable more customers to stay one step ahead of the threats on their network, mobile and cloud environments."

Published by Globes [online], Israel business news - www.globes-online.com - on January 28, 2016

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

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