Live Markets, Charts & Financial News

Check Point beats analysts in Q4 with strong growth

3

Israeli cybersecurity company Check Point Software Technologies Ltd. (Nasdak: TrapIn its financial results, which were published today for the fourth and full quarter of 2024, the analysts overcame the company, which was now managed by CEO Nadaf Zverr 704 million dollars in the fourth quarter and inseparable profits for the share of $ 2.70, while analysts expected 699 million dollars in revenues and profits other than the principles of accounting Generally accepted per share of $ 2.65.

The growth of revenue in the fourth quarter was 6.5 %, with all sectors in which the company operates. The net net profit in the fourth quarter reached $ 258 million, an increase of 3.3 % over the corresponding quarter. A net profit other than the principles of accounting generally accepted $ 303 million, an increase of 1.6 %. The profits of other than the principles of accounting generally increased to the share of $ 2.70 by 5.1 % of the corresponding quarter of 2023.

Shaid: “A great way to move to the new executive league”

In 2024, which was managed by outgoing CEO, Jill Shid, who became an executive president last month, revenue of $ 2.57 billion, an increase of 6.2 % over 2023 – growth above 4 % in 2024 of 2023. The billion dollar sign is on Annual basis after growth by 12.5 % to $ 1.1 billion.

GAAP profit is a net profit of $ 846 million, and a net net GAAP for more than one billion dollars, which is $ 9.16 per share. Check Point recognizes the costs of approximately $ 150 million in 2024 for stock -based compensation for the company’s employees.

The company produced nearly $ 1.1 billion of operational activities during the past year, of which 249 million dollars were the last quarter. Check Point ended in 2024 with about $ 2.8 billion in cash, down from the previous year, mainly due to the Israeli Israeli security company Cybernet for $ 186 million.

“We have presented exceptional results in the fourth quarter, a great way to move to the new executive league. Success in the quarter has been emphasized through 8 percent strong growth in our basic work of quantum devices, “I would like to thank Check Point customers, partners and the global Check Point team for their continuous success,” said Gil Shid, founder and chairman of the Check Point program. I look forward to achieving new heights under the leadership of the new CEO, Nadaf Zafir. “







“The year 2024 was successful and provides a great starting point for the year 2025 and beyond. The first hundred days focused on meeting with customers and partners to understand the main challenges they face in the unprecedented threat environment today. From my talks so far, I have become increasingly confident of Check Point is in a unique position to address cybersecurity requirements for institutions all over the world.

ZAFRIR has announced the appointment of ITai Greenberg as a new Check Point. He was previously the chief strategy official as he would be replaced with Roi Karo.

Check Point is trading on the Nasdaq Stock Exchange with the market of 22.4 billion dollars after an increase of 27.2 % during the past year. Yesterday, Check Point Teva jumped as the best company in Israel after the pharmaceutical company shares decreased sharply after the results of the fourth quarter 2024 and 2025 financial directives.

It was published by Globes, Israel Business News – En.globes.co.il – on January 30, 2025.

© Copy Publish Publisher Itonut (1983) Ltd. , 2025.


Comments are closed, but trackbacks and pingbacks are open.