Check Point Software Technologies Ltd.'s (CHKP) Q1 2022 Earnings Call Transcript

For the period ending March 31, 2022

April 27, 2022 8:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Kip Meintzer

All right, guys. Greetings. My name is Kip E. Meintzer, Global Head of Investor Relations for Check Point Software. I’d like to welcome everyone to our First Quarter 2022 Financial Results Video Conference. At this time, all participants are in a listen-only mode during the formal presentation, which will be followed by a question-and-answer session.

Joining me remotely today on the call are Gil Shwed, Founder and CEO; along with our CFO and COO, Tal Payne.

As a reminder, the video conference is live on our website and is recorded for replay. To access the live conference and replay information, please visit the company’s website at checkpoint.com. For your convenience, the replay will be available on our website. If you would like to reach us after the call, please contact Investor Relations at email at kip@checkpoint.com.

During the course of this presentation, Check Point’s representatives may make certain forward-looking statements. These forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933 and Section 21E of the Securities and Exchange Act of 1934, include, but are not limited to, statements related to Check Point’s expectations regarding our products and solutions, expectations regarding our customer adoption of our products and solutions, expectations related to cybersecurity and other threats, expectations regarding our 2022 initiatives, our ability to continue to develop platform, capabilities and solutions, customer acceptance and purchase of our existing solutions and new solutions, the market for IT security continuing to develop, competition from other product services and general market, political, economic and business conditions, including as a result of the impact of the COVID-19 pandemic.

These forward-looking statements are subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our annual report on Form 20-F filed with the Securities and Exchange Commission.

The forward-looking statements in this presentation are based on information available at Check Point as of the date. Check Point disclaims any obligation to update any forward-looking statements, except as required by law.

In our press release, which has been posted on our website, we present GAAP and non-GAAP results, along with a reconciliation of such results, as well as reasons for our presentation of non-GAAP information.