Check Point Reports Q1

Check Point Software Technologies posts a net income of $63.5M for the quarter

April 24, 2002

1 Min Read

REDWOOD CITY, Calif. -- Check Point Software Technologies Ltd. (Nasdaq:CHKP), the worldwide leader in securing the Internet, today announced financial results for the first quarter ended March 31, 2002. Net income for the quarter was $63.5 million or $0.25 per share (diluted) and revenues were $104.6 million. During the first quarter, the company generated cash flow of $78.4 million, bringing the total cash and interest bearing investments to $1.1 billion as of March 31, 2002. Days Sales Outstanding (DSO) improved to 54 days. "Check Point continued to generate strong earnings despite the slow business environment, generating $63.5 million in net income and $78.4 million in cash," stated Gil Shwed, chairman and chief executive officer. "This is encouraging and a testament to Check Point's healthy business model. Our software powers many open platforms and appliances, uniquely providing the security, scale and flexibility required in today's market environment." Check Point Software Technologies Ltd.

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