Check Point Software fourth-quarter profit tops estimates on record revenue
Summary
FILE PHOTO - The logo of network security provider Check Point Software Technologies Ltd is seen at their headquarters in Tel Aviv, Israel August 14, 2016. TEL AVIV (Reuters) - Network security provider Check Point Software Technologies reported quarterly net profit that beat expectations, boosted by higher security subscriptions. Check Point earned $1.68 per diluted share excluding one-time items in the fourth quarter, up from $1.58 a year earlier. Revenue grew 4 percent to a record $526 million, the Israel-based company said on Wednesday. “Our security subscriptions business continued to increase, driven by cloud, mobile and zero-day advanced threat prevention technologies,” Chief Executive Gil Shwed said, noting the firm started 2019 with two new appliances and a new product line.