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Globes: Check Point posts record results for 2011

Published on Jan 17 2012 // Business and Financial News

January 17, 2012–”The fourth quarter provided a great finish to an excellent year with revenues and earnings reaching all-time highs, and exceeding our initial projections for the year,” said Check Point Software Technologies Ltd. (Nasdaq: CHKP) chairman and CEO Gil Shwed in response to the company’s record results for the fourth quarter of 2011 and the year as a whole, which beat the analysts’ consensus.

For the fourth quarter, revenue rose 12% to $356.8 million from $318.5 million for the corresponding quarter of 2010. GAAP-based net profit rose 16% to $159.8 million ($0.75 per share) for the fourth quarter from $137.4 million for the corresponding quarter, and non-GAAP net profit rose 15% to $178.1 million ($0.84 per share) from $156.2 million. The analysts’ consensus was earnings per share of $0.82 on $355.6 million revenue…Read More>>>

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