Check Point Sales in North America Boost Q2 Results

Beating market expectations, revenue rose 4% to $340m and net profit grew to 83 cents a share.

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Internet and network security provider Check Point Software Technologies reported higher profit than forecasted in the second quarter, topping expectations of software blade sales, especially in North America.

The Israeli company earned 83 cents a share, excluding one-time items in the second quarter, up from 77 cents a year earlier. Revenue grew 4 percent to $340.2 million, the company said on Thursday. The company had forecasted earnings of 81 cents a share and revenues of $337 million, according to Thomson Reuters I/B/E/S.

Chief Executive Gil Shwed said the results showed strong sequential growth in product sales.

"Top performers were the North American region and our new data center appliances," he said. "Our software blades continued to deliver double-digit growth year-over-year, with threat prevention and application control technologies driving share gains."

During the first quarter of 2013, Check Point launched a new software blade - modular software building blocks that are bought on an annual subscription basis - that stops unwanted malware, or malicious software.

It also introduced a software blade for security and compliance monitoring.

Check PointCredit: Ofer Vaknin
Gil Shwed.Credit: Ofer Vaknin

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