Check Point Software Technology (CHKP) Tops Q4 EPS by 3c, Revenues Beat

Check Point Software Technology (NASDAQ: CHKP) reported Q4 EPS of $2.02, $0.03 better than the analyst estimate of $1.99. Revenue for the quarter came in at $544 million versus the consensus estimate of $542.54 million.

Fourth Quarter 2019

• Total Revenues: $544 million, a 3 percent increase year over year
• GAAP Operating Income: $249 million, representing 46 percent of revenues
• Non-GAAP Operating Income: $280 million, representing 51 percent of revenues
• GAAP EPS: $1.84, a 21 percent increase year over year
• Non-GAAP EPS: $2.02, a 21 percent increase year over year

“We closed out the last decade with nearly two billion dollars in annual revenues and over one billion dollars in non-GAAP operating income. Over the last decade we introduced our security-as-a-service subscription model, which delivers the most advanced technologies in cyber. In 2019, subscription reached over six hundred million dollars in revenues and was driven by cloud, mobile and zero-day advanced threat prevention technologies,” said Gil Shwed, Founder and CEO of Check Point Software Technologies. “We began the new decade with the introduction of Infinity NEXT, the industry’s most comprehensive cyber security platform with over 60 security technologies that support over 50 types of assets including operating systems, cloud workloads, IoT devices, mobile devices and network of any type,” Shwed concluded.

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

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