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Check Point Reports Second Consecutive Quarter of Stagnant Growth and Profit Decline

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Globes · 19 minutes ago

What happened

Check Point reported a second consecutive quarter of stagnant revenue growth and declining profitability, with revenues at $674 million and cash flow from operations falling sharply to $170 million. CEO Nadav Zafrir said results met expectations as the company focuses on growth and strategy execution, supported by a strong cash reserve of $4.2 billion.

01Check Point reports zero revenue growth for the second consecutive quarter with $674 million in sales.
02Net earnings per share were $2.55, slightly above expectations due to share buybacks.
03Operating profit declined slightly to $260 million excluding one-time items from $265 million last quarter.
04Cash flow from operations dropped sharply to $170 million from $262 million a year ago.
05CEO Nadav Zafrir cites legacy firewall sales decline and ongoing tech integration as challenges.
06Company holds $4.2 billion in cash after raising nearly $2 billion via convertible bonds earlier this year.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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Nadav Zafrir