Check Point Software Technology (CHKP) Tops Q1 EPS by 2c, Slight Beat on Revenues

Check Point Software Technology (NASDAQ: CHKP) reported Q1 EPS of $1.30, $0.02 better than the analyst estimate of $1.28. Revenue for the quarter came in at $452.33 million versus the consensus estimate of $452.23 million.

First Quarter 2018:

• Total Revenue: $452 million, a 4 percent increase year over year
• Deferred Revenues: $1,166 million, a 10 percent increase year over year
• GAAP Operating Income: $213 million, representing 47 percent of revenues
• Non-GAAP Operating Income: $239 million, representing 53 percent of revenues
• GAAP EPS: $1.16, a 7 percent increase year over year
• Non-GAAP EPS: $1.30, a 9 percent increase year over year
• Cash flow from operations: $419 million, an 18% increase year over year

“First quarter revenues were above the midpoint of our projections while EPS reached the top of our guidancerange,” said Gil Shwed, Founder and CEO of Check Point Software Technologies. “The global cyber threat landscape is becoming increasingly sophisticated. Attacks are now in their 5th generation, while 97 percent of enterprises are not prepared for these attacks and remain primarily focused on protections for 2nd or 3rd generation attacks. During the first quarter we introduced the Infinity Total Protection Gen V prevention solution, along with its CloudGuard family of security products, and both solutions generated nice wins in the quarter,” Shwed continued.

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

You May Also Be Interested In

• Schlumberger (SLB) earnings in-line, revenue beats expectations
• Procter & Gamble (PG) revenue falls short of expectations, raises full-year earnings guidance
• Wipro (WIT) Tops Q1 EPS by 1c