Check Point Software Technologies Inc (CHKP)

[midastouch017]

Check Point Software Reports Financial Results for the Third Quarter of 2005
Friday October 28, 4:00 am ET
Third Quarter EPS Increased 22% Year Over Year


REDWOOD CITY, Calif.--(BUSINESS WIRE)--Oct. 28, 2005--Check Point® Software Technologies Ltd. (NASDAQ:CHKP - News), the worldwide leader in securing the Internet, today announced its financial results for the third quarter ended September 30, 2005.
Financial Highlights for the Third Quarter of 2005:

Revenues: $141.1 million, an increase of 9% compared to $129.3 million in the third quarter of 2004.
Net Income: $78.7 million, an increase of 18% compared to $66.8 million in the third quarter of 2004. Net income excluding acquisition related charges(1) was $80.5 million, an increase of 16% compared to $69.1 million in the third quarter of 2004.
Earnings per Diluted Share: $0.31, an increase of 22% compared to $0.26 in the third quarter of 2004. EPS excluding net acquisition related charges was $0.32, an increase of 20% compared to $0.27 in the third quarter of 2004.
Deferred Revenues: $144.3 million, an increase of $19.6 million or 16% over deferred revenues as of September 30, 2004.
Share Repurchase Program: During the third quarter of 2005, Check Point purchased 2.6 million shares at a total cost of approximately $57 million.
"Our third quarter business continued to fuel strong earnings growth," said Gil Shwed, chairman and chief executive officer of Check Point Software. "We believe our focus on delivering an independent layer of comprehensive security solutions through a unified security architecture is driving our leading position as a provider of network security. During the quarter, we continued to upgrade products as part of the NGX platform launch. We strengthened our consumer presence by unveiling the highly anticipated ZoneAlarm® Internet Security Suite 6.0. Also, we recently announced plans to acquire Sourcefire to further extend the unified security architecture with next generation intrusion prevention solutions."

Recent Business Highlights Include:

Business Expansion with Sourcefire Acquisition -- Announced an agreement to acquire Sourcefire, Inc., the creator of Snort(TM), and a leading provider of intrusion prevention and real-time network access solutions for a total consideration of approximately $225 million. Check Point believes the pending acquisition will further enable the company to provide the most comprehensive internal security solutions portfolio and accomplish another milestone in achieving its vision of a unified security architecture.
Significant Customer Traction for NGX(TM) Platform Upgrades -- As the industry's only unified security architecture for perimeter, internal, Web and endpoint security, NGX continues to strengthen as we launch new NGX offerings, including VPN-1® VSX. NGX helps enterprises of all sizes reduce the cost and complexity of security management while ensuring their security systems can be easily extend to adapt to new and evolving threats. Since availability, the NGX platform has generated approximately 20,000 new licenses and upgrades.
Industry Honors Achieved in the Third Quarter:

Check Point's VPN-1® Pro(TM) wins award -- Windows IT Pro 2005 Readers' Choice Best Firewall Solution -- for the best server/standalone firewall.
Check Point's ZoneAlarm® Internet Security Suite 6.0 wins numerous awards
CNet Editors' Choice Award for Desktop Security -- for best desktop security value for its firewall, anti-spyware, antivirus, and antispam features;
PC Magazine's Editors' Choice Award for Best Security Suite -- for blocking spyware installation and delivering instant real-time protection against Internet threats;
LAPTOP Magazine Editor's Choice Award Best Security Suite -- for the industry's best security suite.
Check Point's Valued Partner Program wins award -- 2005 VARBusiness Magazine "Annual Report Card" Winner -- for achieving exceptional partner satisfaction.
Mr. Shwed continued, "Check Point's vision for the future of network security is a unified security architecture, functioning in all layers of the network, designed to address the unpredictability of potential threats with unified management and enforcement. We are offering customers a single architecture that serves as the framework for their security solutions."

Conference Call and Webcast Information

Check Point will host a conference call with the investment community on October 28, 2005 at 8:30 a.m. ET/5:30 a.m. PT. To listen to the live webcast, please visit Check Point's website at http://www.checkpoint.com/ir. A replay of the conference call will be available through November 11, 2005 at the Company's website http://www.checkpoint.com/ir or by telephone at 973-341-3080, pass code 6558970.

http://biz.yahoo.com/bw/051028/285168.html?.v=1

Check Point 3rd-qtr profit up 18 pct
Fri Oct 28, 2005 04:13 AM ET
NEW YORK, Oct 28 (Reuters) - Internet security software maker Check Point Software Technologies Inc. (CHKP.O: Quote, Profile, Research) posted an 18 percent increase in quarterly profit on Friday, boosted by higher sales of network security products.
Third-quarter net income reached $78.7 million, or 31 cents a share, versus $66.8 million, or 26 cents, a year earlier.

Excluding charges, EPS amounted to 32 cents. Analysts on average expected Check Point to report 31 cents a share, according to Reuters Estimates.

Revenue increased 9 percent to $141.1 million. The company had said earlier this month it expected revenue in the range of $140 million to $141.5 million and EPS excluding charges of 31 to 32 cents.

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh57304_2005-10-28_08-13-27_wen...

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