Check Point Software reports Record First Quarter 2010 Financial Results

 

The total revenues stand at $245.1 million, an increase of 26 per cent, compared to $195.0 million in the first quarter of 2009. The GAAP Operating Income is at $115.9 million, an increase of 26 per cent, compared to $92.3 million in the first quarter of 2009 and Non-GAAP Operating Income at $137.6 million, an increase of 26 per cent, compared to $109.0 million in the first quarter of 2009. Deferred revenue is of $419.8 million, an increase of 29 per cent, compared to $325.0 million as of March 31, 2009 and cash flow from operations is $217.8 million, an increase of 27 per cent compared to $171.8 million in the first quarter of 2009.  

 

Gil Shwed, Chairman & CEO, Check Point Software, said, “The first quarter marked a great start for the year.  We posted record results and further expanded our addressable market by entering two new exciting markets: secure virtual desktop with Abra and Data Loss Prevention with our DLP solution.  With the introduction of these latest technology innovations and security solutions, Check Point is well positioned to address the security needs of any size business.” 

 

During the first quarter, Check Point won several awards and industry accolades. Also, for the sixth time, Check Point has won the SC Magazine Reader Trust Award for Best Enterprise Firewall. It has introduced new products like Data Loss Check Point Prevention (DLP) solution, the new SmartEvent Software Blade and so on.