Check Point Software Technologies Inc (CHKP): Check Point Software posts higher quarte...

Check Point Software Technologies Inc (CHKP)

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midastouch017

Re: midastouch017 post# 39

Monday, 04/18/2005 4:26:17 AM

Monday, April 18, 2005 4:26:17 AM

Check Point Software posts higher quarterly profit
Mon Apr 18, 2005 04:15 AM ET
NEW YORK, April 18 (Reuters) - Check Point Software Technologies Ltd. (CHKP.O: Quote, Profile, Research) posted a sharp rise in quarterly profit on higher revenue from a year earlier, buoyed by strong demand for its security software products.
First-quarter net income was $73.7 million, or 29 cents per share, versus $41.9 million, or 16 cents a share, a year ago, when the company took a $23 million research and development charge, the Israeli-American company said on Monday.

Total revenue was $137.7 million, up 19 percent from $116.1 million in the year-ago quarter.

Analysts on average were expecting Check Point to earn 29 cents per share in the quarter, according to Reuters Estimates.

Excluding certain charges, the company said earnings were 30 cents per share.

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