Check Point Announces Second Quarter Financial Results

Check Point Software Technologies (NASDAQ:CHKP), a security company announced its second quarter financial results. Year-over-year, the company reported a four percent increase in revenue, reaching US$488 million.

As quoted in the press release:

Second Quarter 2019:

• Total Revenue: $488 million, a 4 percent increase year over year
• Deferred Revenues: $1,286 million, an 11 percent increase year over year
• GAAP Operating Income: $213 million, representing 44 percent of revenues
• Non-GAAP Operating Income: $242 million, representing 50 percent of revenues
• GAAP EPS: $1.21, Non-GAAP EPS: $1.38

“Second quarter results were driven by 13 percent growth in our security subscriptions revenues, which included our advanced threat prevention and our CloudGuard family of products,” said Gil Shwed, Founder and CEO of Check Point Software Technologies. “We continued to expand our product offerings during the second quarter with the introduction of new technologies which included Malware DNA, a new artificial intelligence-based engine that accelerates zero-day threat prevention, and CloudGuard Log.ic, providing threat protection and context-rich security intelligence.”

Click here to read the full press release.