By Anthony O. Goriainoff
Check Point Software Technologies Ltd. Thursday reported a 6.9% rise in third-quarter profit, and said revenue grew in all key areas with security subscriptions growing by 10%.
The Israel-based cybersecurity company earned a profit of $201 million, or $1.42 a share, compared with $188 million, or $1.25 a share for the third quarter of 2019. Analysts polled by FactSet expected $188.8 million for the period.
Excluding items, the company reported a profit of $1.64 a share for the quarter ended Sept. 30.
Revenue rose 4% to $509 million, above the consensus for $504 million, according to FactSet.
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(END) Dow Jones Newswires