JERUSALEM :Check Point Software Technologies reported on Monday higher than expected profit for the first quarter of 2023, overcoming a weaker economy on growth in its consolidated cyber security platform that prevents attacks across networks, mobile and the cloud.The Israeli-based company said it earned $1.8
JERUSALEM :Check Point Software Technologies reported on Monday higher than expected profit for the first quarter of 2023, overcoming a weaker economy on growth in its consolidated cyber security platform that prevents attacks across networks, mobile and the cloud.
It was forecast to earn $1.74 a share on revenue of $569 million, according to I/B/E/S data from Refinitiv. "We've been able to grow our cloud operation, we've been able to grow subscriptions and we've been able to keep our customers renewing their contracts with us, so we delivered in light of the circumstances, healthy growth in revenues," he said, noting the tough environment began in November.
Shwed noted that with $3.6 billion in cash, the company was poised to take advantage of the industry's consolidation.
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