Check Point Software Technologies Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015
January 29, 2015 at 03:30 pm IST
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Check Point Software Technologies Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue of $420.642 million compared to $387.075 million a year ago. Operating income was $229.254 million compared to $214.119 million a year ago. Income before taxes on income was $236.256 million compared to $223.502 million a year ago. Net income was $185.783 million or $0.98 per diluted share compared to $194.130 million or $0.99 per diluted share a year ago. Non-GAAP operating income was $246.904 million compared to $227.277 million a year ago. Non-GAAP net income was $202.559 million or $1.07 per diluted share compared to $191.983 million or $0.98 per diluted share a year ago. Net cash provided by operating activities was $210.369 million compared to $58.247 million a year ago. Investment in property and equipment was $4.621 million compared to $2.178 million a year ago.
For the year, the company reported total revenue of $1,495.816 million compared to $1,394.105 million a year ago. Operating income was $801.054 million compared to $760.905 million a year ago. Income before taxes on income was $829.816 million compared to $795.836 million a year ago. Net income was $659.571 million or $3.43 per diluted share compared to $652.800 million or $3.27 per diluted share a year ago. Non-GAAP operating income was $866.329 million compared to $815.037 million a year ago. Non-GAAP net income was $715.353 million or $3.72 per diluted share compared to $685.201 million or $3.43 per diluted share a year ago. Net cash provided by operating activities was $752.860 million compared to $789.826 million a year ago. Investment in property and equipment was $12.736 million compared to $9.563 million a year ago.
For 2015, the company expects revenues in the range of $1,600,000,000 to $1,650,000,000. Non-GAAP EPS is expected to be in the range of $3.90 to $4.02. GAAP EPS is expected to be approximately $0.35 less than that.
For the first quarter of 2015, the company expects revenues in the range of $360 million to $375 million and non-GAAP EPS in the range of $0.89 million to $0.93. GAAP EPS is expected to be approximately $0.08 less.
Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company's products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management. The Company offers Software Blades grouped into functional packages to address specific security issues. It has product offerings under these packages, which include Next Generation Firewall, Next Generation Threat Prevention, Next Generation Secure Web Gateway and Next Generation Data Protection.
Check Point Software Technologies Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015
CHECK POINT SOFTWARE TECHNOLOGIES LTD. 
