Check Point beats on revenue, EPS: CEO Gil Shwed: This is particularly encouraging given the state of the economy and the weakness of the US dollar.

Thu. October 22, 2009; Posted: 06:42 PM

Check Point reported third quarter revenue of $233.6 million, 17 percent higher than the $199.7 million recorded in the corresponding quarter of 2008. Analysts had expected $230.67 million in revenue.

Net profit on a non-GAAP (generally accepted accounting principles) basis was $109.5 million, 16 percent higher than the $94.2 million in the corresponding quarter. Earnings per share (EPS) were $0.52, above analyst expectations of $0.49. EPS in the corresponding quarter was $0.44.

Check Point CEO Gil Shwed said operations in Asia boosted results. Shwed said revenue was at the high end of the company's projections, saying, "This is particularly encouraging given the state of the economy and the weakness of the US dollar. Operationally, we performed well across all regions, with Asia Pacific having a particularly good quarter. We also continued to realize further synergies from our recent acquisition, which helped us to achieve these results and deliver non-GAAP operating margin of 55 percent."

Shares in Check Point closed yesterday at $30.10.

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For full details on Check Point Software Technologies Inc (CHKP) click here. Check Point Software Technologies Inc (CHKP) has Short Term PowerRatings of 5. Details on Check Point Software Technologies Inc (CHKP) Short Term PowerRatings is available at This Link.

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