Check Point Software Earnings: Profit Satisfies Investors
Check Point Software Technologies Ltd. (NASDAQ:CHKP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Investors appear to be happy with the profit side of the equations as shares are up 1.36%.
Check Point Software Technologies Ltd. Earnings Cheat Sheet
Results: Net income increased 39.48% to $222.9 million (91 cents per diluted share) in the quarter versus a net gain of $159.81 million in the year-earlier quarter.
Revenue: Rose 3.32% to $368.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Check Point Software Technologies Ltd. reported adjusted net income of 91 cents per share. By that measure, the company beat the mean analyst estimate of $0.88. It missed the average revenue estimate of $373.74 million.
Quoting Management: “Throughout 2012, customers continued to adopt the Software Blades Architecture and further consolidated their security infrastructure with our new appliance portfolio. Revenues from software blades had a significant contribution to our growth with over a 50% increase this year…