Check Point reports Q1 EPS $1.80, consensus $1.74

Reports Q1 revenue $566.2M, consensus $568.88M. "We are pleased to report good financial results with 15 percent growth in non-GAAP EPS and 13 percent growth in security subscription revenues. This double-digit growth was driven by our CloudGuard and Harmony E-mail product families. The economic slowdown has resulted in extended product sales cycles, while recurring revenues were healthy and reached over 80 percent of total revenues for the first time." said Gil Shwed, founder and CEO of Check Point Software Technologies. "Our Infinity platform revenue grew over 140 percent during the quarter, underscoring the strength of the platform as the future of cyber security. The Infinity platform implements the key essential principles of effective cyber security – the 3 Cs: Comprehensive, Consolidated and Collaborative security."