First Quarter 2022:
- Total Revenues:
- Security Subscription Revenues:
- Deferred Revenues (as of
- GAAP Operating Income:
- Non-GAAP Operating Income:
- GAAP EPS:
- Non-GAAP EPS:
"We had an excellent first quarter," said
Financial Highlights for the First Quarter of 2022
- Total Revenues:
- GAAP Operating Income:
- Non-GAAP Operating Income:
- GAAP Taxes on Income:
- GAAP Net Income & Earnings per Diluted share: GAAP net income was
- Non-GAAP Net Income & Earnings per Diluted share: Non-GAAP net income was
- Deferred Revenues: As of
- Cash Balances, Marketable Securities & Short-Term Deposits:
- Cash Flow: Cash flow from operations of
- Share Repurchase Program: During the first quarter of 2022, the company repurchased approximately 2.5 million shares at a total cost of approximately
For information regarding the non-GAAP financial measures discussed in this release, as well as a reconciliation of such non-GAAP financial measures to the most directly comparable GAAP financial measures, please see "Use of Non-GAAP Financial Information" and "Reconciliation of GAAP to Non-GAAP Financial Information."
Conference Call & Video Cast Information
Check Point will host a conference call with the investment community on
Second Quarter 2022 Investor Conference Participation Schedule
- 17th Annual
May 16-18-19, 2022 - Virtual 1×1's
- J.P. Morgan 50th Annual Technology, Media, and
- Cowen 50th Annual
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-
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- Mizuho 4th Annual Cybersecurity Summit
- FBN Silicon Valley Virtual Tour
Members of Check Point's management team anticipate attending these conferences and events to discuss the latest company strategies and initiatives. Check Point's conference presentations if applicable will be available via webcast on the company's web site. To hear these presentations and access the most updated information please visit the company's web site at www.checkpoint.com/ir. The schedule is subject to change.
About
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LinkedIn: https://www.linkedin.com/company/check-point-software-technologies
©2022
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding our products and solutions, expectations regarding customer adoption of our products and solutions, expectations related to cybersecurity and other threats, and our participation in investor conferences during the second quarter of 2022. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. These risks include our ability to continue to develop platform capabilities and solutions; customer acceptance and purchase of our existing solutions and new solutions; the market for IT security continuing to develop; competition from other products and services; and general market, political, economic and business conditions, including as a result of the impact of the Covid-19 pandemic. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the
Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Check Point uses non-GAAP measures of operating income, net income and earnings per diluted share, which are adjustments from results based on GAAP to exclude, as applicable, stock-based compensation expenses, amortization of intangible assets and acquisition related expenses and the related tax affects. Check Point's management believes the non-GAAP financial information provided in this release is useful to investors' understanding and assessment of Check Point's ongoing core operations and prospects for the future. Historically, Check Point has also publicly presented these supplemental non-GAAP financial measures in order to assist the investment community to see the Company "through the eyes of management," and thereby enhance understanding of its operating performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP financial measures discussed in this press release to the most directly comparable GAAP financial measures is included with the financial statements contained in this press release. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and as such has determined that it is important to provide this information to investors.
Read the Full Press Release (includes financial tables) https://www.checkpoint.com/downloads/investor/Check-Point-Software-1st-Quarter-2022-Financial-Results.pdf?v=1.1
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(C) 2022 M2 COMMUNICATIONS, source