Reuters logo
Check Point Software Q1 profit beats expectations slightly
April 29, 2014 / 9:15 AM / 4 years ago

Check Point Software Q1 profit beats expectations slightly

TEL AVIV, April 29 (Reuters) - Internet and network security provider Check Point Software Technologies reported higher quarterly profit that topped expectations by a cent on sales of data centre appliances and software blades.

Check Point earned 84 cents a share excluding one-time items in the first quarter, up from 79 cents a year earlier. Revenue grew 6 percent to $342 million, the Israel-based company said on Tuesday.

Check Point was forecast to have earned 83 cents a share on revenue of $341.9 million, according to Thomson Reuters I/B/E/S.

“Organisations today are faced with an ever-changing threat environment. The challenge is to build a security infrastructure that will withstand today and tomorrow’s threats,” Chief Executive Officer Gil Shwed said.

In the first quarter of 2013, Check Point launched a new software blade - modular software building blocks that are bought on an annual subscription basis - that stops unwanted malware, or malicious software. It also introduced a software blade for security and compliance monitoring. (Reporting by Tova Cohen)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below