The earnings call conveyed a positive sentiment overall, with strong revenue and subscription growth, successful product and geographic expansion, and continued strategic acquisitions. While there were challenges with delayed deals and increased expenses, the positive developments and increased guidance suggest a strong outlook.

Company Guidance

During the Q3 2024 earnings call for Check Point Software Technologies (CHKP), the company reported a 7% revenue increase to $635 million, surpassing midpoint projections by $3 million. Non-GAAP EPS rose 9% to $2.25, also exceeding the midpoint forecast by $0.01. Subscription revenue grew 12% to $277 million, while calculated billings reached $562 million, reflecting a 6% year-over-year growth. The company's Infinity platform contributed significantly, now accounting for approximately 15% of total revenues, with strong double-digit growth. Geographically, EMEA represented 46% of total revenues, growing 7%, while APAC revenues surged by 17%. Operating expenses increased 9% to $289 million due to workforce investments and the Perimeter 81 acquisition, while non-GAAP operating income stood at $274 million. The quarter closed with $249 million in operating cash flow and $2.9 billion in cash balances. For Q4 2024, Check Point anticipates revenues between $675 million and $715 million, with non-GAAP EPS projected to range from $2.60 to $2.70.

Revenue and EPS Growth

Revenues grew by 7% to $635 million, and non-GAAP EPS grew by 9% to $2.25. Both were above the midpoint of projections.

Strong Subscription Revenue

Subscription revenue grew by 12% to $277 million, driven by strong demand for the Infinity platform and Harmony emails.

Geographic Revenue Growth

APAC revenue grew by 17%, and EMEA by 7%, indicating strong regional performance.

Infinity Platform Success

Infinity platform experienced strong double-digit growth and now accounts for approximately 15% of total revenues.

Successful Acquisition Strategy

Completed the acquisition of Cyberint, adding over 200 enterprise customers and enhancing threat management capabilities.

Positive Cash Flow and Buyback

Strong operating cash flow of $249 million, with cash balances at $2.9 billion. Share buyback of $325 million at $182 per share.

Guidance Increase

Full-year revenue and EPS guidance increased, with expectations to finish above the midpoint of the initial range.

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Check Point (CHKP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CHKP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 29, 2025	2024 (Q4)	2.67 / -	2.57	―	―	―
Oct 29, 2024	2024 (Q3)	2.25 / 2.25	2.07	8.70% (+0.18)
Jul 24, 2024	2024 (Q2)	2.16 / 2.17	2	8.50% (+0.17)
Apr 25, 2024	2024 (Q1)	2.01 / 2.04	1.8	13.33% (+0.24)
Feb 06, 2024	2023 (Q4)	2.48 / 2.57	2.45	4.90% (+0.12)
Oct 30, 2023	2023 (Q3)	2.02 / 2.07	1.77	16.95% (+0.30)
Jul 26, 2023	2023 (Q2)	1.90 / 2.00	1.64	21.95% (+0.36)
May 01, 2023	2023 (Q1)	1.74 / 1.80	1.57	14.65% (+0.23)
Feb 13, 2023	2022 (Q4)	2.36 / 2.45	2.25	8.89% (+0.20)
Oct 27, 2022	2022 (Q3)	1.68 / 1.77	1.65	7.27% (+0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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CHKP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 29, 2024	$207.96	$177.87	-14.47%
Jul 24, 2024	$170.00	$180.07	+5.92%
Apr 25, 2024	$161.00	$152.95	-5.00%
Feb 06, 2024	$160.80	$162.45	+1.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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