Checkpoint beats estimates
#118 Check Point Software has reported second-quarter results that beat Wall Street's estimates, in part from large deals that were landed and greater belt-tightening. However analysts were concerned that revenue from software licencing had slumped.
The security software giant on Tuesday reported revenue of $144.6 million in the quarter ending June 30, up 14 percent from the same period a year ago. Check Point reported net income of $78 million, or 31 cents a share, in the quarter, up 23 percent from the previous year. Excluding charges related to acquisitions, Check Point posted a profit of 32 cents a share.
New products accounted for 30 percent of the company's revenue. During the quarter, Check Point introduced its NGX platform, which serves as a unified security architecture. The company also introduced a wireless security appliance for its Check Point VPN-1 Edge product line.
The security software giant on Tuesday reported revenue of $144.6 million in the quarter ending June 30, up 14 percent from the same period a year ago. Check Point reported net income of $78 million, or 31 cents a share, in the quarter, up 23 percent from the previous year. Excluding charges related to acquisitions, Check Point posted a profit of 32 cents a share.
New products accounted for 30 percent of the company's revenue. During the quarter, Check Point introduced its NGX platform, which serves as a unified security architecture. The company also introduced a wireless security appliance for its Check Point VPN-1 Edge product line.
posted by Dwaine at 7/20/2005
0 Comments:
Post a Comment
<< Home