JERUSALEM, April 27 (Reuters) - Check Point Software Technologies (CHKP.O) beat estimates with a 2% gain in first-quarter profit and is expected to grow further this year led by its cloud protection products and consolidated cyber security platform.
Israel-based Check Point on Wednesday said it earned $1.57 per diluted share excluding one-off items in the January-March period, up from $1.54 a year earlier. Revenue grew 7% to $543 million. The company in 2021 had topped $2 billion for a second straight year.
It was forecast to earn $1.54 a share on revenue of $534 million, according to I/B/E/S data from Refinitiv.
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"The global escalation of cyber-attacks is making companies rethink the dated approach of disparate point solutions and they are transitioning to a more unified approach to prevent the next cyber pandemic," said CEO Gil Shwed.
unified cyber security products boost check point software earnings reuters
