Check Point Software Technology (CHKP) Tops Q1 EPS by 3c

Check Point Software Technology (NASDAQ: CHKP) reported Q1 EPS of $1.06, $0.03 better than the analyst estimate of $1.03. Revenue for the quarter came in at $404 million versus the consensus estimate of $404.39 million.

"Revenues grew nine percent while non-GAAP earnings per share achieved eleven percent growth and exceeded our projections. This success was driven primarily by advanced threat prevention capabilities which was evident in our subscription revenue growth," said Gil Shwed, founder and chief executive officer of Check Point Software Technologies, "In addition, our newly announced high-end and datacenter security appliances, optimized to deliver next generation threat prevention, got off to a great start in the marketplace."

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

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