Check Point Software Q2 Results Top View - Quick Facts

(RTTNews) - Cyber security solutions provider Check Point Software Technologies Ltd. (CHKP) reported Wednesday net income for the second quarter grew to $196.4 million or $1.38 per share from $185.5 million or $1.21 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $225.0 million or $1.58 per share, compared to $211.5 million or $1.38 per share in the year-ago quarter.

On average, 26 analysts polled by Thomson Reuters expected the company to report earnings of $1.44 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter increased 4 percent to $505.6 million from $488.1 million in the same quarter last year. Analysts expected revenues of $488.04 million.

As of June 30, 2020, deferred revenues were $1.34 billion, up 4 percent from last year.