JERUSALEM (Reuters) – Check Point Software Technologies on Wednesday reported a higher-than-expected profit for the second quarter boosted by double-digit revenue growth in its consolidated cyber security platform that prevents attacks across networks, mobile and the cloud.
The Israeli-based company said it earned $2.00 per diluted share excluding one-off items in the April-June quarter, up 22% from $1.64 a year earlier. Revenue grew 3% to $589 million.
It was forecast to earn $1.90 a share on revenue of $589 million, according to I/B/E/S data from Refinitiv.
Check Point said it bought back 2.6 million shares in the quarter, worth $325 million, as part of its ongoing $2 billion share buyback programme.
(Reporting by Steven Scheer; editing by Jason Neely)
