Check Point Software Technology (CHKP) Tops Q2 EPS by 7c, Revenues Beat

Check Point Software Technology (NASDAQ: CHKP) reported Q2 EPS of $1.37, $0.07 better than the analyst estimate of $1.30. Revenue for the quarter came in at $468 million versus the consensus estimate of $461.62 million.

Second Quarter 2018:

• Total Revenue: $468 million, a 2 percent increase year over year
• Deferred Revenues: $1,158 million, a 9 percent increase year over year
• GAAP Operating Income: $224 million, representing 48 percent of revenues
• Non-GAAP Operating Income: $247 million, representing 53 percent of revenues
• GAAP EPS: $1.24, a 10 percent increase year over year
• Non-GAAP EPS: $1.37, an 8 percent increase year over year

“We are pleased with our second quarter results and the progress in our initiatives we have achieved to date. Revenues for the quarter were towards the top of our guidance while EPS over the top,” said Gil Shwed, Founder and CEO of Check Point Software Technologies. “Every major enterprise today is faced with overwhelming threats from cyberattacks. We believe that Check Point Infinity is the only platform that is focused on full prevention of Gen V attacks across the entire threat landscape, including cloud and mobile,” Shwed concluded.

For earnings history and earnings-related data on Check Point Software Technology (CHKP) click here.

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