Check Point Software ( (CHKP) ) has released its Q4 earnings. Here is a breakdown of the information Check Point Software presented to its investors.
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Check Point Software Technologies Ltd., a leading AI-powered cybersecurity platform provider, protects over 100,000 organizations worldwide with its comprehensive cloud-delivered solutions.
In its latest earnings report, Check Point Software reported significant financial growth for the fourth quarter and full year of 2024. The company achieved an 11% increase in calculated billings and a 6% growth in total revenues for the fourth quarter, alongside a 9% increase in full-year calculated billings and a 6% rise in total revenues compared to the previous year.
Key financial metrics for the fourth quarter included a GAAP operating income of $254 million and a non-GAAP operating income of $306 million, representing 36% and 44% of revenues, respectively. The company also reported a GAAP EPS increase of 7% year over year, and a non-GAAP EPS rise of 5%. The full year results showed a GAAP EPS of $7.46 and a non-GAAP EPS of $9.16, reflecting a 5% and 9% increase, respectively.
Looking ahead, the company is optimistic about 2025 as it strengthens its executive team, focusing on enhancing customer engagement and expanding market share under the leadership of new CEO Nadav Zafrir. The company’s strategic initiatives aim to drive growth and capitalize on the increasing demand for cybersecurity solutions in a challenging threat environment.
