Q4 2024 Check Point Software Technologies Ltd Earnings Call Transcript
Key Points
- Check Point Software Technologies Ltd (CHKP) reported strong financial performance with revenues reaching $704 million, surpassing projections.
- The company's non-GAAP EPS was $2.70, at the top end of projections, indicating strong profitability.
- There was a significant demand for Quantum Force appliances, contributing to an 8% growth in revenues.
- The Infinity platform saw strong adoption, with double-digit growth in agreements.
- All geographical regions experienced double-digit growth in new business bookings, reflecting widespread demand.
- Operating expenses increased by 12% due to continued investment in the go-to-market strategy and the acquisition of Cyberint.
- The company's non-GAAP tax rate was around 8%, influenced by global tax assessments, which could impact future financials.
- Despite strong bookings, the revenue guidance for fiscal 2025 is only 6%, indicating potential challenges in sustaining high growth.
- The transition to a new CEO may introduce uncertainties as the company adjusts to new leadership and strategic directions.
- The competitive landscape, particularly in the US, remains challenging, requiring reinvigoration of growth strategies.
Financial results video conference call. I'm Kip E. Meintzer, Global Head of Investor Relations. And joining me today are Founder and Executive Chairman, Gil Schwed; Chief Executive Officer, Nadav Zafrir; and our Chief Financial Officer Roei Golan.
Before we begin, I'd like to remind everyone that this conference is being recorded and will be available for replay on our website at checkpoint.com. During the formal presentation, all participants will be in listen-only mode and that will be followed by a Q&A session.
During this presentation, Check Point representatives may make forward-looking statements. Forward-looking statements generally relate to future events or future financial or operating performance. These statements involve risks and uncertainties that could cause actual results to materially different than projected in the forward-looking statements. Any forward-looking statements may speak only as of the date hereof and Check Point software undertakes no obligation to update
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
