Check Point Software Reports Fourth Quarter and 2022 Full Year Results

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[{"type":"text","content":"SAN CARLOS, Calif., Feb. 13, 2023 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Total Revenues: $638 million, a 7 percent increase year over yearSecurity Subscription Revenues: $231 million, a 13 percent increase year over yearDeferred Revenues: $1,878 million, a 10 percent increase year over yearGAAP Operating Income: $254 million, representing 40 percent of revenuesNon-GAAP Operating Income: $289 million, representing 45 percent of revenuesGAAP EPS: $2.20, an 11 percent increase year over yearNon-GAAP EPS: $2.45, a 9 percent increase year over year Full Year 2022 Total Revenues: $2,330 million, an 8 percent increase year over yearSecurity Subscription Revenues: $858 million, a 14 percent increase year over yearGAAP EPS: $6.31, a 4 percent increase year over yearNon-GAAP EPS: $7.40, a 5 percent increase year over year “We delivered solid fourth quarter and 2022 full year financial results despite a volatile year-end macro-environment. Revenue and non-GAAP earnings per share came in at the top end of our projections,” said Gil Shwed, Founder & CEO of Check Point Software Technologies. “We continued building the future of cyber security with the prevention-first Infinity architecture and realized triple-digit growth in Infinity revenues. Building on this success we are driving security innovation with a focus on the 3Cs of the Best Security – a Comprehensive set of technologies that address the key attack vectors; a Consolidated set of solutions with a unified management portal, with Collaborative security technologies - to prevent the next cyber-attack.” Financial Highlights for the Fourth Quarter of 2022 Total Revenues: $638 million compared to $599 million in the fourth quarter of 2021, a 7 percent increase year over year.GAAP Operating Income: $254 million compared to $246 million in the fourth quarter of 2021.Non-GAAP Operating Income: $289 million compared to $285 million in the fourth quarter of 2021, representing 45 percent and 47 percent of revenues in the fourth quarter of 2022 and 2021, respectively.GAAP Tax Benefit: $1 million compared to $4 million in the fourth quarter of 2021.GAAP Net Income & Earnings per Diluted share: GAAP net income was $270 million compared to $2...

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