JERUSALEM, April 23 (Reuters) - Check Point Software Technologies CHKP.O beat first-quarter profit expectations, boosted by sales gains in its AI-driven products to protect corporate networks from cyber threats.
The Israeli-based network security company on Wednesday reported $2.21 per diluted share excluding one-off items for the January-March quarter, up 9% from $2.04 a year earlier. Revenue grew 7% to $638 million.
That beat the $2.19 a share on revenue of $636 million expected by analysts, LSEG data from Refinitiv showed.
Product and licence revenue rose 14% to $114 million in the quarter, while security subscription revenue gained 10% to $291 million.
(Reporting by Steven Scheer, Editing by Louise Heavens)
((steven.scheer@thomsonreuters.com; +972 2 632 2210; Reuters Messaging: Twitter: @StevenMScheer))
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