Check Point revenues up 4% in Q1 2018

Published on: 3 May 2018

Check Point Software Technologies enjoyed an encouraging start to the year as revenues grew by four per cent in the first quarter of 2018.

The cyber security software developer turned over $452 million (£332.4 million) between January and the end of March, up from $435 million in Q1 2017.

Part of this growth is thanks to the successful launch of Check Point Infinity, which was voted ‘new product of the year’ at the Network Computing Awards in March.

This new service delivers a broad set of security technologies to protect organisations against the most advanced and unknown Gen V threats and can now be deployed using the subscription-based Check Point Infinity Total Protection (ITP) solution.

Gil Shwed, founder and chief executive of Check Point Software Technologies, revealed that first quarter revenues were above the midpoint of its projections, while earnings per share (EPS) reached the top of its guidance range ($1.16, up seven per cent year on year).

He stressed that the global cyber threat landscape was becoming increasingly sophisticated and that cyber defences of the vast majority (97 per cent) of enterprises were only fit for dealing with second or third-generation attacks, leaving organisations open to the latest and most advanced threats.