Check Point Q3 Earnings: Security Subscriptions Revenue Soars 11.5%, But Margins Slip As Expenses Rise

Check Point Software Technologies Ltd (NASDAQ:CHKP) reported fiscal third-quarter revenue growth of 7% year-on-year to $635.10 million, marginally missing the analyst consensus estimate of $635.14 million. 

The American-Israeli enterprise security solution provider’s adjusted EPS of $2.25 was in line with the analyst consensus estimate.

Revenue from Products and licenses grew by 4.1% to $118.9 million, Security subscriptions increased 11.5% year over year to $276.9 million, and Software updates and maintenance rose 2.4% year over year to $239.3 million.

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