Check Point Software Technologies Reports 2019 First Quarter monetary Results

SAN CARLOS, Calif., April 18, 2019 (GLOBE NEWSWIRE) — Check Point® Software Technologies Ltd. (NASDAQ: CHKP) introduced its economic consequences for the first quarter ended March 31, 2019.

First Quarter 2019:

Total Revenue: $472 million, a four percent increase yr over yr. Deferred Revenues: $1,312 million, a thirteen percentage boom year over 12 months. GAAP Operating Income: $206 million, representing forty-four percent of sales. Non-GAAP Operating Income: $235 million, representing 50 percent of sales. GAAP EPS: $1.15, Non-GAAP EPS: $1.32. “We had desirable consequences inside the first sector with 13 percentage growth in our safety subscriptions consisting of advanced answers for Cloud and Mobile as well as SandBlast Zero-day danger prevention,” said Gil Shwed, Founder and CEO of Check Point Software Technologies. “During the region, we launched a series of latest products, such as Maestro, which presents cloud-grade elasticity and resiliency for networks, and the 6000 series safety home equipment which can be optimized for prevention of Gen V threats. Additionally, the Infinity Gen V security platform verified strong traction within the sector and drove new customer acquisition.”

Financial Highlights for the First Quarter of 2019:

Total Revenue: $472 million compared to $452 million inside the first zone of 2018, a 4 percent increase yr over yr. Revenues have been above the midpoint of our steering. GAAP Operating Income: $206 million as compared to $213 million within the first sector of 2018, representing forty four percent and forty seven percent of revenues inside the first area of 2019 and 2018, respectively. Non-GAAP Operating Income: $235 million as compared to $239 million in the first area of 2018, representing 50 percentage and fifty three percent of revenues within the first area of 2019 and 2018, respectively. GAAP Taxes on Income: $ forty-five million compared to $ forty-one million within the first sector of 2018. GAAP Net Income and Earnings in step with Diluted Share: GAAP internet income became $a hundred and eighty million as compared to $187 million in the first area of 2018. GAAP income per diluted share were $1.15 as compared to $1.16 within the first region of 2018.