Check Point Software
said first-quarter earnings rose 76% from a year ago, reflecting strong sales of its Internet security applications and a charge in the year-ago quarter.
The company earned $73.7 million, or 29 cents a share, in the quarter, compared with $41.9 million, or 16 cents a share, last year. Revenue jumped 19% to $137.7 million, reflecting $65.5 million in license revenue and $58.4 million in software subscription revenue.
The company earned 30 cents a share, before a charge, in the latest quarter, a penny better than estimates. Analysts had been forecasting first-quarter sales of $138.9 million.
"We continued to extend our annuity-based revenues which were spearheaded by growing sales of two of our new offerings: ZoneAlarm security services for the consumer segment and SmartDefense real time security updates for our enterprise customers," the company said in a release.