sb-eu logo
Story image

Check Point’s second quarter financials exceed highest end of projections

26 Jul 2017

Check Point Software recently announced its Second Quarter 2017 financials with some significant numbers.

For the second quarter ended June 30 2017, Checkpoint pulled in US$459 million – an eight percent increase of revenue year-over-year.

The company saw a significant uptake of its Software Blades subscriptions, with a revenue of $188 million which represents a 27 percent increase year-over-year.

Generally accepted accounting principles (GAAP) earnings per share (EPS) grew 18 percent to $1.12, while non-GAAP EPS increased 16 percent to $1.26.

The company posted a GAAP operating income of $222 million and a non-GAAP operating income of $248 million.

Finally, deferred revenues grew a whopping 19 percent year-over-year to come in at $1,065 million.

Founder and chief executive officer of Check Point Software Technologies, Gil Shwed says the company is rapt with the second quarter results, reporting the revenue growth to be healthy and the EPS growth of sixteen percent exceeded the high-end of their projections

"The major attacks that occurred during the last few months have demonstrated the need for a different approach to cyber security. We believe focusing on prevention, sharing real-time attack information and consolidation of the security infrastructure can stop the next attack,” Shwed says.

“Check Point Infinity, launched last quarter, provides consolidated security architecture across networks, cloud and mobile, delivering our highest level of threat prevention."

It certainly has been a good year so far for Check Point with a number of new products launched, including the world’s fastest threat prevention platform.

The company was also identified as a leader in both the 2016 Gartner Magic Quadrant for Unified Threat Management and the 2017 Gartner Magic Quadrant for Enterprise Network Firewalls, in addition to Miercom’s Certified Secure Award and a recommended rating in the 2017 NSS Labs Next Generation Firewall Group Test.

"We've made important headway in enabling companies to prevent cyber-attacks by introducing the Check Point Infinity cyber security architecture. We will continue to focus on our vision - the next attack can be prevented" concludes Shwed.

Story image
Exabeam and Code42 partner up to launch insider threat solution
The solution will give customers a fuller picture of their environment, and will leverage automated incident response to obstruct insider threat before data loss occurs.More
Story image
Check Point acquires Odo Security to bolster remote security offering
The deal will integrate Odo’s remote access software with Check Point’s Inifinity architecture, bolstering the latter company’s remote security capabilities in a time where working and learning from home has become the norm, and looks to largely remain that way in the near future.More
Story image
Remote staff overestimating knowledge of cybersecurity basics
‘Unconscious incompetence’ is one of the most difficult issues to identify and solve with security awareness training.More
Story image
Kaspersky finds red tape biggest barrier against cybersecurity initiatives
The most common obstacles that inhibit or delay the implementation of industrial cybersecurity projects include the inability to stop production (34%), and bureaucratic steps, such as a lengthy approval process (31%) and having too many decision-makers (23%). More
Story image
Sophos named mobile security Leader in IDC MarketScape
Sophos Intercept X for Mobile has capabilities in protecting Android, iOS and Chrome OS users from known and never before seen mobile threats.More
Story image
ESET launches the latest version of its Mobile Security solution
“With this latest version of ESET Mobile Security, we want to ensure our users feel completely secure when performing financial transactions on their devices, in addition to being protected from malware and phishing attempts."More