Check Point Software Technologies (NASDAQ:CHKP) Q2 2024 Earnings
Key Financial Results
Revenue: US$627.4 million (up 6.6% from Q2 2023).
Net income: US$197.4 million (down 2.3% from 2Q23).
Margin: 32% (down from 34% in Q2 2023). The decline in margin is due to increased expenses.
Earnings per share: $1.78.
Revenue and Revenue Growth
All figures shown in the chart above are for the trailing twelve month (TTM) period.
Check Point Software Technologies Lives Up to Expectations
Revenues were in line with analysts’ expectations. Earnings per share (EPS) were also in line with analysts’ expectations.
Looking ahead, revenue is expected to grow at an average annual rate of 5.0% over the next three years, outpacing the 12% growth forecast for the U.S. software industry.
US software industry performance.
The company’s shares are up 7.2% from a week ago.
Balance Sheet Analysis
As well as needing to consider revenue, investors also need to consider the strength of a company’s balance sheet, so check out our latest analysis of Check Point Software Technologies’ balance sheet health.
Have feedback about this article? Concerns about the content? Please contact us directly or email us at editorial-team (at) simplywallst.com.
This article by Simply Wall St is of general nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell a stock, and does not take into account your objectives or financial situation. We aim to provide long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned herein.
Have something to say about this article? If you have any questions about the content, please contact us directly or email us at editorial-team@simplywallst.com.
