Check Point Software Technology (CHKP) Tops Q1 EPS by 1c

Check Point Software Technology (NASDAQ: CHKP) reported Q1 EPS of $1.20, $0.01 better than the analyst estimate of $1.19. Revenue for the quarter came in at $435 million versus the consensus estimate of $432.57 million.

• Total Revenue: $435 million, an 8 percent increase year over year
• Software Blades Subscriptions Revenues: $112 million, a 27 percent increase year over year
• GAAP Operating Income: $211 million, representing 48 percent of revenues
• Non-GAAP Operating Income: $233 million, representing 54 percent of revenues
• GAAP EPS: $1.08, a 15 percent increase year over year
• Non-GAAP EPS: $1.20, a 13 percent increase year over year
• Deferred Revenues: $1,063 million, a 20 percent increase year over year

“We started off 2017 with a positive trend delivering earning per share and revenues towards the top end of our projections,” said Gil Shwed, founder and chief executive officer of Check Point Software Technologies. “We have executed on our vision for consolidating security with the launch of Check Point Infinity, the cyber security platform for the future. The first consolidated security architecture across networks, cloud and mobile, providing the highest level of threat prevention.”

For earnings history and earnings-related data on Check Point Software Technology (CHKP) click here.

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