JERUSALEM :Check Point Software Technologies reported on Monday higher than expected first-quarter profit on high demand for its products in the face of increasing cyber attacks, and kept its outlook for the full year.
Its Nasdaq-listed shares fell 5.2 per cent at $120.80 in early trading on the outlook as some in the market were expecting a more upbeat outlook. Check Point's security subscription revenue rose 13 per cent to $228 million. Its consolidated Infinity platform grew 140 per cent in the quarter. In February, it launched a new artificial intelligence-based threat prevention product.
Check Point said it earned $1.80 per diluted share excluding one-off items in the January-March period, up 15 per cent from $1.57 a year earlier. Revenue grew 4 per cent to $566 million.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Israeli cyber security firm Check Point Software Q1 profit tops estimatesJERUSALEM :Check Point Software Technologies reported on Monday higher than expected profit for the first quarter of 2023, overcoming a weaker economy on growth in its consolidated cyber security platform that prevents attacks across networks, mobile and the cloud.The Israeli-based company said it earned $1.8
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Where to find the cheapest parking spots in Singapore (2023)Between COE adjustments, inflation and GST increases, the cost of owning a car in Singapore keeps going up. All the more reason to save on car ownership costs as much as possible. Parking can be a hidden cost that adds up over time, especially if you’re the type that doesn’t pay attention to parking charges. But for the drivers looking...
Source: asiaonecom - 🏆 10. / 59 Read more »
What's with the rising defects in new launches in 2023?Perhaps it's due to tough construction issues during the Circuit Breaker, or perhaps it's just slipping standards due to the rush, but we've been hearing an inordinate number of complaints about recent new launches. While we don't want to point any fingers, there's definitely a notable uptick in comments and grumbling this year. Here's what may be happening: Some recent...
Source: asiaonecom - 🏆 10. / 59 Read more »
Over half of all new vans in Singapore registered in Q1 2023 were electricSINGAPORE - Some 51.9 per cent of new vans registered in Singapore in the first three months of 2023 were electric vehicles (EVs). Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
Landed Property in Singapore: Good Class Bungalows (GCB), Cluster Houses, and More (2023)Landed property in Singapore, from Good Class Bungalows (GCB) to cluster houses, are a rare jewel to own. Read our top guide on the 5 common landed property types in Singapore, and criteria for owning and modifying them.
Source: YahooSG - 🏆 3. / 71 Read more »
2023 Mercedes-AMG SL 55 4Matic+ review: Seven figures for the roadWell they’ve gone and done it. With the increase in ARF taxes earlier this year, mid and upper-tier luxury car prices in Singapore have really gone through the roof. The Mercedes-AMG SL 55, like the new BMW XM hybrid SUV, have both slammed through the one-million dollar price ceiling. While seven-digit price tags are the norm for cars from Rolls-Royce,...
Source: asiaonecom - 🏆 10. / 59 Read more »