Check Point beats analysts with Q1 results
Check Point CEO Gil Shwed: The cyber threat landscape requires a holistic security architecture to prevent the next cyber pandemic.
Cybersecurity company Check Point Software Technologies Ltd. (Nasdaq: CHKP) opened the first quarter reporting season for Israeli companies traded on Wall Street today with positive results. The company beat analysts estimates on both sales and profit, and came close to the upper end of the guidance it itself provided in the previous quarter.
Quarterly revenue totaled $508 million, representing growth of 4.3% in comparison with in the corresponding quarter of 2020. Revenue from security products and licenses totaled $387 million, up 6.6%, while revenue from software updates and maintenance rose 1.6% to $221 million.
Global Head of Investor Relations
Greetings. My name is Kip E. Meintzer, Global Head of Investor Relations for Check Point Software. I d like to welcome everyone to the First Quarter 2021 Financial Results Video Conference. [Operator Instructions] Joining me remotely today on the call are Gil Shwed, Founder and CEO, along with our CFO and COO, Tal Payne.
As a reminder, the video conference is live on our website and recorded for replay. To access the live conference and replay information, please visit the Company s website at checkpoint.com. For your convenience, the replay will be available on our website. If you d like to reach us after the call, please contact Investor Relations by email at kip@checkpoint.com.
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