Check Point Software Technologies: Focus on North American Market Expansion to Up Their Game!

Check Point Software Technologies Ltd., a prominent player in the cybersecurity industry, concluded its fiscal year 2024 with solid financial results. The company reported fourth-quarter revenue of $704 million, surpassing the midpoint of its projections. The non-GAAP earnings per share (EPS) was $2.70, aligning with the higher end of forecasts. On an annual basis, revenue reached $2.565 billion, slightly exceeding expectations, while non[1]GAAP EPS increased by 9% to $9.16. One highlight of the quarter was the robust demand for Check Point’s Quantum Force appliances, which significantly contributed to the company’s growth. This product line achieved 8% revenue expansion, driven by increased interest in its cybersecurity solutions. Furthermore, Check Point’s deferred revenue and calculated billings exhibited strong growth, signaling healthy future demand.