Check Point Software Q3 Results
19.10.2006
After reviewing the results for the company after the third quartal, Check Point is doing well and continues to progress. In the following lines you will see that 45-50% of it's revenue are coming from subscriptions. This means that an important part is for the maintenance fees. Sales of new products and services is the remaining part which represents 50-55% of its revenue. This is due to that base of satisfied customers that continues to extend their operations and add news Check Point systems.
Not much is said about new sales and acquisition of new customers. The firewall and security market is facing a large quantity of products and services.
All in all this makes an annual revenue of around $250-260 million, just for subscriptions. Which shows a base of customers that really like those products. This is a comfortable revenue base in which a company can propose some new developments to keep satisfied customers.
Financial Results (RTTNews)
Check Point Software Technologies Ltd. (CHKP | charts | news | PowerRating) on Thursday posted financial results for the third quarter, reporting GAAP net income of $71.1 million or $0.31 per share, compared to $78.7 million or $0.31 per share in the prior year quarter. On non-GAAP basis, the company reported earnings of $78.6 million or $0.34 per share compared to $80.5 million or $0.32 per share in the corresponding quarter in the previous year.
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