Check Point Software Technologies Reports 2019 First Quarter financial Results

About this update from Check Point Software Technologies Ltd.

[{"type":"text","content":"SAN CARLOS, Calif., April 18, 2019 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ:CHKP), today announced its financial results for the first quarter ended March 31, 2019.First Quarter 2019: Total Revenue: $472 million, a 4 percent increase year over yearDeferred Revenues: $1,312 million, a 13 percent increase year over year GAAP Operating Income: $206 million, representing 44 percent of revenuesNon-GAAP Operating Income: $235 million, representing 50 percent of revenuesGAAP EPS: $1.15, Non-GAAP EPS: $1.32\"We had good results in the first quarter with 13 percent growth in our security subscriptions including advanced solutions for Cloud and Mobile as well as SandBlast Zero day threat prevention,\" said Gil Shwed, Founder and CEO of Check Point Software Technologies. \"During the quarter we launched a series of new products, including Maestro which provides cloud-grade elasticity and resiliency for networks, and the 6000 series security appliances that are optimized for prevention of Gen V threats. Additionally, the Infinity Gen V security platform demonstrated solid traction in the quarter and drove new customer acquisition.\"Financial Highlights for the First Quarter of 2019:Total Revenue:$472 million compared to $452 million in the first quarter of 2018, a 4 percent increase year over year. Revenues were above the midpoint of our guidance.GAAP Operating Income: $206 million compared to $213 million in the first quarter of 2018, representing 44 percent and 47 percent of revenues in the first quarter of 2019 and 2018, respectively.Non-GAAP Operating Income:$235 million compared to $239 million in the first quarter of 2018, representing 50 percent and 53 percent of revenues in the first quarter of 2019 and 2018, respectively.GAAP Taxes on Income: $45 million compared to $41 million in the first quarter of 2018.GAAP Net Income and Earnings per Diluted Share: GAAP net income was $180 million compared to $187 million in the first quarter of 2018. GAAP earnings per diluted share were $1.15 compared to $1.16 in the first quarter of 2018.Non-GAAP Net Income and Earnings per Diluted Share: Non-GAAP net income was $205 million compared to $210 million in the first quarter of 2018. Non-GAAP earnings per diluted share were $1.32 compared to $1.30 in the first quarter of 2018, a 2 percent increase year over year.Deferre...

More updates from Check Point Software Technologies Ltd.