Here is what Checkpoint reported:
Total Revenue: $488 million compared to $468 million in the second quarter of 2018, a 4 percent increase year over year.
GAAP Operating Income: $213 million compared to $224 million in the second quarter of 2018, representing 44 percent and 48 percent of revenues in the second quarter of 2019 and 2018, respectively.
Non-GAAP Operating Income: $242 million compared to $247 million in the second quarter of 2018, representing 50 percent and 53 percent of revenues in the second quarter of 2019 and 2018, respectively.
GAAP Taxes on Income: $48 million compared to $43 million in the second quarter of 2018.
GAAP Net Income and Earnings per Diluted Share: GAAP net income was $186 million compared to $198 million in the second quarter of 2018. GAAP earnings per diluted share were $1.21 compared to $1.24 in the second quarter of 2018.
Non-GAAP Net Income and Earnings per Diluted Share: Non-GAAP net income was $211 million compared to $218 million in the second quarter of 2018. Non-GAAP earnings per diluted share were $1.38 compared to $1.37 in second quarter of 2018, a 1 percent increase year over year.
Deferred Revenues: As of June 30, 2019, deferred revenues were $1,286 million compared to $1,158 million as of June 30, 2018, an 11 percent increase year over year.
Cash Balances, Marketable Securities and Short Term Deposits: $4,110 million as of June 30, 2019, compared to $4,042 million as of June 30, 2018.
Cash Flow: Cash flow from operations of $233 million compared to $213 million in the second quarter of 2018, a 9 percent increase year over year.
Share Repurchase Program: During the second quarter of 2019, the company repurchased approximately 2.8 million shares at a total cost of approximately $325 million.
“Second quarter results were driven by 13 percent growth in our security subscriptions revenues, which included our advanced threat prevention and our CloudGuard family of products,” said Gil Shwed, Founder and CEO of Check Point Software Technologies. “We continued to expand our product offerings during the second quarter with the introduction of new technologies which included Malware DNA, a new artificial intelligence-based engine that accelerates zero-day threat prevention, and CloudGuard Log.ic, providing threat protection and context-rich security intelligence.”
