Check Point Software Q3 profit, revenue up

Reuters

TEL AVIV, Oct 21 (Reuters) - Internet and network securityprovider Check Point Software Technologies reportedhigher quarterly profit that slightly topped expectations onhigher sales of its software blades and appliances.

The Israeli company earned 85 cents a share excludingone-time items in the third quarter, up from 79 cents a yearearlier. Revenue grew 4 percent to $344.1 million, the companysaid on Monday.

Check Point was forecast to have earned 84 cents a share onrevenue of $343.6 million, according to Thomson Reuters I/B/E/S.

The results were at the high end of the company'sprojections, Chief Executive Officer Gil Shwed said.

"The recently launched data centre and small appliancefamilies were received enthusiastically by our customers," hesaid.

During the first quarter of 2013, Check Point launched a newsoftware blade - modular software building blocks that arebought on an annual subscription basis - that stops unwantedmalware, or malicious software.

It also introduced a software blade for security andcompliance monitoring.

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