Check Point Software Technology (CHKP) Tops Q2 EPS by 4c, Beats on Revenues

Check Point Software Technology (NASDAQ: CHKP) reported Q2 EPS of $1.26, $0.04 better than the analyst estimate of $1.22. Revenue for the quarter came in at $459 million versus the consensus estimate of $454.56 million.

Financial Highlights for the Second Quarter of 2017:

• Total Revenue: $459 million compared to $423 million in the second quarter of 2016.
• GAAP Operating Income: $222 million compared to $202 million in the second quarter of 2016.
• Non-GAAP Operating Income: $248 million compared to $227 million in the second quarter of 2016.
• GAAP Taxes on Income: $45 million compared to $48 million in the second quarter of 2016.
• GAAP Net Income and Earnings per Diluted Share: GAAP net income was $188 million compared to $166 million in the second quarter of 2016. GAAP earnings per diluted share were $1.12 compared to $0.95 in the second quarter of 2016.
• Non-GAAP Net Income: Non-GAAP net income was $212 million compared to $190 million in the second quarter of 2016.
• Non-GAAP Earnings per Diluted Share: $1.26 compared to $1.09 in the second quarter of 2016.
• Deferred Revenues: As of June 30, 2017, deferred revenues were $1,065 million compared to $892 million as of June 30, 2016.
• Cash Flow: Cash flow from operations of $226 million compared to $205 million in the second quarter of 2016.
• Share Repurchase Program: During the second quarter of 2017, the company repurchased 2.3 million shares at a total cost of $248 million.
• Cash Balances, Marketable Securities and Short Term Deposits: $3,806 million as of June 30, 2017, compared to $3,708 million as of June 30, 2016.

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

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