HomeBusinessCheck Point Software Q4 profit, revenue top forecasts

Check Point Software Q4 profit, revenue top forecasts

JERUSALEM : Check Point Software Technologies beat estimates with a 4per cent achieve in fourth-quarter revenue, led by progress in its cloud safety merchandise and consolidated cyber safety platform.

Israel-based Check Point on Thursday mentioned it earned $2.25 per diluted share excluding one-off objects within the October-December interval, up from $2.17 a 12 months earlier. Revenue grew 6per cent to $599 million, with the corporate topping $2 billion for a second straight 12 months in 2021.

It was forecast to earn $2.12 a share on revenue of $584 million, in accordance with I/B/E/S knowledge from Refinitiv.

Check Point mentioned it purchased again 2.8 million shares within the quarter, price $325 million, as a part of its share repurchase programme.

(Reporting by Steven Scheer; Editing by Ari Rabinovitch)

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