Check Point Software Technologies Reports 2022 Second Quarter Financial Results

About this update from Check Point Software Technologies Ltd.

[{"type":"text","content":"SAN CARLOS, Calif., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the second quarter ended June 30, 2022. Second Quarter 2022: Total Revenues: $571 million, a 9 percent increase year over yearProduct & License Revenues: $133 million, a 12 percent increase year over yearSecurity Subscription Revenues: $210 million, a 14 percent increase year over yearDeferred Revenues: $1,666 million, a 13 percent increase year over year GAAP Operating Income: $209 million, representing 37 percent of revenuesNon-GAAP Operating Income: $249 million, representing 44 percent of revenuesGAAP EPS: $1.36, a 1 percent decrease year over yearNon-GAAP EPS: $1.64, a 2 percent increase year over year “We are pleased with our second quarter results. Total revenues achieved growth of 9 percent - more than double the rate of a year ago. This was driven by strength in products and subscriptions revenues which generated a strong increase of 12 and 14 percent respectively,” said Gil Shwed, Founder and CEO of Check Point Software Technologies. “Over the past quarter, cyber-attacks have increased by 32 percent while advanced attacks like ransomware have grown by 59 percent, underscoring why cyber-security is so critical to keep our world going. Our strategic vision of a consolidated prevention-first security architecture is more relevant than ever to combat today’s cyber challenges.” Financial Highlights for the Second Quarter of 2022: Total Revenues: $571 million compared to $526 million in the second quarter of 2021, a 9 percent increase year over year.GAAP Operating Income: $209 million compared to $222 million in the second quarter of 2021, representing 37 percent and 42 percent of revenues in the second quarter of 2022 and 2021, respectively.Non-GAAP Operating Income: $249 million compared to $257 million in the second quarter of 2021, representing 44 percent and 49 percent of revenues in the second quarter of 2022 and 2021, respectively.GAAP Taxes on Income: $45 million compared to $47 million in the second quarter of 2021.GAAP Net Income: $174 million compared to $186 million in the second quarter of 2021.Non-GAAP Net Income: $209 million compared to $217 million in the second quarter of 2021.GAAP Earnings Per Diluted Share: $1.36 compared to $1.38 in the second quarter of ...

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