Check Point Software Technologies Reports Q3 Non-GAAP EPS of $2.49 and Revenue of $669.8 Million
Check Point Software Technologies (CHKP) reported third-quarter financial results, featuring a Non-GAAP earnings per share (EPS) of $2.49, which aligned with market expectations. However, total revenue reached $669.8 million, representing a 1.1% year-over-year decline and missing analyst estimates by approximately $2.34 million. Despite the slight revenue miss, the company showed strength in its recurring business segments. Security subscription revenues grew 11% year-over-year to reach $339 million. Additionally, the Remaining Performance Obligation (RPO) increased by 5%, totaling $2.5 billion, signaling continued long-term contract momentum.
Tickers: $CHKP
Topics: earnings report revenue miss RPO security subscriptions
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Part of the story Check Point Software Reports 1% Revenue Decline Amid Shifting Subscription Mix (4 articles)