Net income in the second quarter increased to $79.2 million from $69.5 million a year earlier.
Excluding items, Check Point earned $92.7 million, or 43 cents ashare, meeting analysts' estimates.
Revenue rose 13% to $199.6 million. Analysts polled by Thomson Financial were expecting revenue of $195.1 million.
Product and license revenue grew 16% to $85 million.
Deferred revenue at the end of the quarter was $279.2 million, anincrease of $43 million or 18% from a year ago.
Shares of Check Point were up 5 cents to $23.50 inrecent trading.
The company said it expects third-quarter revenue in the range of $194million to $204 million and earnings, excluding charges, in the rangeof 41 cents to 45 cents a share. Analysts were expecting revenue of$198.9 million and EPS of 44 cents.
It also said it expects full-year revenue to now range from$805 million to $825 million, vs. its earlier estimate of $780 millionto $820 million. Analysts were expecting full year revenue of $804.47million.
Check Point's results are likely to help allay fears that theweakness in the economy could take a toll on IT and security spendingby businesses. Shares of Check Point are up about 8% since thebeginning of the year, compared with peers such as
( MFE) is down about 9% during the same period and
is up 18%. The
composite index has fallen about13% in the year-to-date.