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The Israel-based company earned 95 cents a share
excluding one-off items in the first quarter, against 84 cents a
year earlier. Revenue grew by 9 percent to $373 million.
That compared with a forecast of 91 cents a share on revenue of
$370 million, according to Thomson Reuters I/B/E/S.
"It appears the company is hitting its stride as product
innovation on the (software subscription) front coupled with a
more acquisitive strategy are laying the groundwork for another
strong year in 2015," said Daniel Ives, managing director at FBR
Capital Markets.
"Cyber security tailwinds are massive and Check Point is at the
right place at the right time."
Check Point has acquired two Israeli companies since the start
of the year. In February it bought cyber security start-up
Hyperwise and this month it acquired Lacoon Mobile Security to
help prevent cyber attacks on mobile phones.
"We increased our development, sales and marketing teams to
capitalize on the expanding security market opportunity," Chief
Executive Gil Shwed said. "We expect these investments to
continue through the coming quarters."
Check Point's Nasdaq-listed shares have gained 4 percent so far
this year after a 22 percent rise in 2014.
(Reporting by Tova Cohen; Additional reporting by Steven Scheer;
Editing by David Goodman)
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