View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
April 30, 2009

Check Point Q1 profit rises 3%

Software updates, maintenance, and services revenue grew 8% to $123.26m

By CBR Staff Writer

Internet security company Check Point has reported a 3% increase in net income to $81m for the first quarter 2009, compared to $78.25m in the year-ago quarter.

For the first quarter 2009, the company posted a revenue of $195.0m, an increase of 2 percent, compared to $191.6m in the first quarter of 2008.

Operating income during the quarter grew 17% to $92.28m, while diluted EPS grew 6% to $0.38. Cash flow from operations grew 20% to $171.8m. During the quarter the company repurchased 2.3 million shares for $52.3m.

The Israel-based company said product and license revenue fell 7% to $71.74m, while revenue from software updates, maintenance, and services grew 8% to $123.26m.

Gil Shwed, chairman and chief executive at Check Point, said: Producing record first-quarter results despite the current macro economic situation is a testimony to the continued demand for internet security and to Check Point’s leadership position. Our Software Blade architecture, combined with our expanded appliance portfolio will allow us to continue providing the best solutions to our customers worldwide and will enable us to continue realizing increased revenues and earnings per share in 2009.

Content from our partners
How to engage in SAP monitoring effectively in an era of volatility
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU