Check Point Software Q4 profit, revenue beat estimates

Check Point Software Technologies

30/01/2025 10:10

JERUSALEM, Jan 30 (Reuters) - Check Point Software
Technologies  CHKP.O  beat fourth-quarter profit expectations on
Thursday with revenue exceeding $2.5 billion in 2024.
    The Israeli-based network security company reported $2.70
per diluted share excluding one-off items for the
October-December quarter, up 5% from $2.57 a year earlier.
Revenue grew 6% to $704 million.
    That beat the $2.65 a share on revenue of $699 million
expected by analysts, LSEG data from Refinitiv showed.
    Check Point said it bought back 1.7 million shares in the
quarter, worth $325 million, as part of an ongoing $2 billion
share buyback programme.
    Industry veteran Nadav Zafrir took over as chief executive
starting in December.

 (Reporting by Steven Scheer; editing by Barbara Lewis)
 ((steven.scheer@thomsonreuters.com; +972 2 632 2210; Reuters
Messaging: Twitter: @StevenMScheer))