Check Point Software Technologies Ltd. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the First Quarter and Full Year of 2017
January 19, 2017 at 10:00 am
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Check Point Software Technologies Ltd. announced unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2016. Total revenue was $487 million compared to $458 million in the fourth quarter of 2015. GAAP operating income was $241 million compared to $239 million in the fourth quarter of 2015. Non-GAAP operating income was $266 million compared to $262 million in the fourth quarter of 2015. GAAP net income was $222 million compared to $195 million in the fourth quarter of 2015. GAAP earnings per diluted share were $1.31 compared to $1.08 in the fourth quarter of 2015. Non-GAAP net income was $247 million compared to $216 million in the fourth quarter of 2015. Non-GAAP earnings per diluted share were $1.46 compared to $1.20 in the fourth quarter of 2015. Cash flow from operations of $183 million compared to $212 million in the fourth quarter of 2015. Income before taxes on income was $251.904 million against $248.158 million a year ago. Net cash provided by operating activities was $182.726 million against $211.979 million a year ago. Investment in property and equipment was $6.257 million against $7.142 million a year ago.
Total revenues were $1,741 million compared to $1,630 million in 2015. GAAP operating income was $852 million compared to $840 million in 2015. Non-GAAP operating income was $948 million compared to $927 million in 2015. GAAP net income was $725 million compared to $686 million in 2015. GAAP earnings per diluted share were $4.18 compared to $3.74 in 2015. Non-GAAP net income was $818 million compared to $766 million in 2015. Non-GAAP earnings per diluted share were $4.72 compared to $4.17 in 2015. Cash flow from operations of $923 million compared to $917 million in 2015. Income before taxes on income was $896.672 million against $873.790 million a year ago. Net cash provided by operating activities was $922.849 million against $917.120 million a year ago. Investment in property and equipment was $24.050 million against $17.348 million a year ago.
The company provided earnings guidance for the first quarter and full year of 2017. For the first quarter, the company expects revenues in the range of $420 million to $440 million and non-GAAP EPS in the range of $1.15 to $1.20. GAAP EPS is expected to be approximately $0.17 less.
For 2017, the company expects revenues in the range of $1,850,000,000 to $1,900,000,000. Non-GAAP EPS is expected to be in the range of $5.05 to $5.25. GAAP EPS for the year is expected to be approximately $0.70 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. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the First Quarter and Full Year of 2017