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Check Point Q2 profit gains on 'healthy' cyber security demand

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JERUSALEM :Check Point Software Technologies beat estimates with a 2 per cent gain in second-quarter profit, boosted by double-digit growth in revenue from products and subscriptions to protect cloud and other networks from escalating cyber attacks.The Israel-based group on Monday said it earned $1.64 per dil

JERUSALEM :Check Point Software Technologies beat estimates with a 2 per cent gain in second-quarter profit, boosted by double-digit growth in revenue from products and subscriptions to protect cloud and other networks from escalating cyber attacks.

It was forecast to earn $1.62 a share on revenue of $560 million, according to I/B/E/S data from Refinitiv. "The last four quarters ... we started seeing better and better results. Initially, it was in some more internal measurements and this quarter, we're seeing it also on the top line with revenue growth."

To that end, Check Point has moved to a consolidated prevention-first security architecture that encompasses securing corporate networks, the cloud and employees' who work remotely. Security subscription revenue grew 14 per cent in the quarter.

 

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