Wednesday, July 20, 2005

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.
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Thursday, February 09, 2006 12:50:00 AM  

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