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Check Point Software Technologies Third-Quarter Profit Rose 6.9%

By Anthony O. Goriainoff


Check Point Software Technologies Ltd. on Thursday reported a 6.9% rise in third-quarter profit and said revenues grew in all key areas with security subscriptions growing by 10%.

The Israel-based cybersecurity company earned a quarterly profit of $200.7 million, or $1.42 a share, compared with $187.8 million, or $1.25 a share for the third quarter of 2019. Analysts polled by FactSet expected $188.8 million for the period.

Excluding items, the company reported an adjusted profit of $1.64 a share for the quarter ended Sept. 30, compared with $1.44 last year.

Sales rose to $509.0 million from $490.9 million the year before, the company said. Sales consensus for the period was $504.0 million, taken from FactSet and based on 24 analysts' forecasts.

"We expanded our Secure Access Service Edge offering during the quarter with the acquisition of Odo Security, a new cloud-based technology that delivers the next generation of secure remote access to enterprises," Chief Executive Gil Shwed said.


Write to Anthony O. Goriainoff at


(END) Dow Jones Newswires

October 22, 2020 06:22 ET (10:22 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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