Check Point Software Technologies Ltd. (Nasdaq: CHKP) beat the analysts' expectations in the second quarter of 2014 with higher revenue and profit.
Second quarter was revenue was $363 million, up 7% from $340 million in the corresponding quarter of 2013. GAAP profit was $160 million ($0.83 per share) in the second quarter up from $151 million ($0.76 per share) in the second quarter of 2013. Non-GAAP profit was $172 million ($0.89 per share) up from $165 million ($0.83 per share) in the second quarter of 2013.
GAAP operating income was $190 million up from $183 million in the second quarter of 2013. Non-GAAP operating income was $207 million up from $198 million in the second quarter of 2013.
Check Point chairman Gil Shwed said, “We had a fantastic second quarter. Total revenues from products and software blades subscription delivered 10 percent growth, which was driven by strong demand across industries and business segments. We saw a nice up-tick in customer wins across the board with several very large customer contracts."
Published by Globes [online], Israel business news - www.globes-online.com - on July 23, 2014
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