Check Point Software Technology (CHKP) Tops Q3 EPS by 2c, Revenues Beat

Check Point Software Technology (NASDAQ: CHKP) reported Q3 EPS of $1.38, $0.02 better than the analyst estimate of $1.36. Revenue for the quarter came in at $471 million versus the consensus estimate of $466.11 million.

• Check Point Software Acquires Dome9 to Transform Cloud Security
• Total Revenue: $471 million, a 4 percent increase year over year
• Deferred Revenues: $1,148 million, an 11 percent increase year over year
• GAAP Operating Income: $226 million, representing 48 percent of revenues
• Non-GAAP Operating Income: $250 million, representing 53 percent of revenues
• GAAP EPS: $1.25, a 7 percent increase year over year
• Non-GAAP EPS: $1.38, a 6 percent increase year over year

“Third quarter results reached the top end of our projections, with better than anticipated strength coming from the US and Europe,” said Gil Shwed, Founder and CEO of Check Point Software Technologies. “Today we announced the acquisition of Dome9. This new addition to Check Point’s Infinity architecture delivers enhanced Cloud Security with advanced active policy enforcement and multi-cloud protection capabilities. The combination of Dome9 and Infinity CloudGuard product family further differentiates Check Point in the rapidly evolving Cyber Security environment,” Shwed concluded.

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

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