July 20, 2017 / 9:24 AM / a year 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.

The logo of network security provider Check Point Software Technologies Ltd is seen at their headquarters in Tel Aviv, Israel August 14, 2016. REUTERS/Baz Ratner/Files

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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