Check Point Software’s first quarter has reported total revenues of $508m, up 4% year over year as it adjusts to the new work-from-home security environment.
“We are pleased with our first quarter 2021 financial results. Revenues and non-GAAP earnings per share were toward the high-end of our guidance with CloudGuard bolstering this success with nice double-digit growth,” said Gil Shwed, Founder and CEO of Check Point Software Technologies. “The cyber threat landscape is reaching new levels of risk and requires a holistic security architecture to prevent the next cyber pandemic. Our Infinity architecture can uniquely address these needs and consolidate security for the user, the network and the cloud to prevent Gen V cyber-attacks.”
“Securing the new ‘work from anywhere’ environment is a leading priority for enterprises, as 81% have adopted mass remote working, and 74% plan to do so permanently. To address this shift we launched Check Point Harmony, the first unified solution to enable secure connectivity to any resource anywhere and give total endpoint protection for users on any device,” he says. Harmony is designed to secure both corporate and BYOD devices, and internet connections from known and zero-day attacks, while giving Zero-Trust access to business applications in a single, easy to manage solution.
Deferred revenues were $1,458m, an 8% increase year over year. Non-GAAP operating margin was 49.0% vs. a consensus of 47.2%.
