Check Point Software Technologies Full Year 2024 Earnings: In Line With Expectations

Check Point Software Technologies (NASDAQ:CHKP) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.57b (up 6.2% from FY 2023).
• Net income: US$845.7m (flat on FY 2023).
• Profit margin: 33% (down from 35% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$7.65 (up from US$7.19 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Check Point Software Technologies Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

In the last 12 months, the only revenue segment was Network and Data Security Products contributing US$2.57b. The largest operating expense was Sales & Marketing costs, amounting to US$862.9m (61% of total expenses). Explore how CHKP's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 7.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Check Point Software Technologies' balance sheet and an in-depth analysis of the company's financial position.

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