JERUSALEM, April 25 (Reuters) - Check Point Software
Technologies ( CHKP ) on Thursday reported a higher than
expected profit for the first quarter, helped by double-digit
growth in its AI-powered security platform, which constituted
more than 13% of total revenue.
The Israeli-based company said it earned $2.04 per diluted
share excluding one-off items in the January-March quarter, up
13% from a year earlier. Revenue grew 6% to $599 million.
It was forecast to earn $2.00 a share on revenue of $594.88
million, according to LSEG data.
For the second quarter, the company projected revenue of
$607-$637 million and adjusted EPS of $2.10-$2.20, in line with
analyst estimates.
It did not change its 2024 projection for revenue of
$2.48-$2.63 billion and adjusted EPS of $8.7-$9.3.
Check Point said it bought back about 2 million shares in
the quarter, worth $325 million, as part of an ongoing $2
billion share buyback programme.