JERUSALEM (Reuters) – Check Point Software Technologies beat fourth-quarter profit expectations on Thursday with revenue exceeding $2.5 billion in 2024.
The Israeli-based network security company reported $2.70 per diluted share excluding one-off items for the October-December quarter, up 5% from $2.57 a year earlier. Revenue grew 6% to $704 million.
That beat the $2.65 a share on revenue of $699 million expected by analysts, LSEG data from Refinitiv showed.
Check Point said it bought back 1.7 million shares in the quarter, worth $325 million, as part of an ongoing $2 billion share buyback programme.
Industry veteran Nadav Zafrir took over as chief executive starting in December.
(Reporting by Steven Scheer; editing by Barbara Lewis)
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