July 20, 2017 / 9:24 AM / 7 months ago

Israel's Check Point Q2 profit, revenue up

TEL AVIV (Reuters) - Network security provider Check Point Software Technologies reported quarterly net profit that beat expectations on growth in demand for mobile security and threat prevention products.

Check Point earned $1.26 per diluted share excluding one-time items in the second quarter, up from $1.09 a year earlier. Revenue grew 8 percent to $459 million, the Israel-based company said on Thursday.

It was forecast to earn $1.22 a share on revenue of $455 million, according to Thomson Reuters I/B/E/S.

“The major attacks that occurred during the last few months have demonstrated the need for a different approach to cyber security. We believe focusing on prevention, sharing real-time attack information and consolidation of the security infrastructure can stop the next attack,” said Chief Executive Gil Shwed.

Reporting by Tova Cohen, Editing by Ari Rabinovitch

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