Market News AIOpen the app

Check Point Software made $670 million last quarter, with subscription sales up 11% but overall revenue down 1%.

ResultsRead the original at prnewswire.com
Neutral

Check Point's security subscription sales rose 11% to $339 million and remaining performance obligations grew 5% to $2.5 billion. Total sales fell 1%, and lower profit per share partly reflects a prior-year tax settlement, leaving no clear change to its outlook.

CHKP · Check Point Software Technologies Ltd.

AI read · Neutral

The AI's read

Subscription growth, more contracted work, and the chief executive's expected improvement point in a better direction. But total sales fell, and reported profit per share was lower than last year. The earlier per-share result included a $1.47-per-share tax settlement, making that comparison less direct. The mixed report does not clearly change the company's outlook.

Get alerts for CHKP

Follow Check Point Software Technologies Ltd. (CHKP) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for CHKP
Free on the App Store and Google Play, or on the web.