Check Point Software Technologies Ltd. (CHKP) Q3 2022 Earnings Call Transcript

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Kip Meintzer

Greetings. I'd like to welcome everyone to our Third Quarter 2022 Financial Results Video Conference. At this time, all participants are in listen-only mode. During the formal presentation which will be followed by a question-and-answer session. Joining me today are Gil Shwed, Founder and CEO; along with our CFO and COO, Tal Payne. As a remainder 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'd like to reach us after the call, please contact Investor Relations by e-mail at kip@checkpoint.com.

During 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 our expectations regarding our products and solutions. Our expectations regarding customer adoption of our products and solutions, expectations related to cybersecurity and other threats, expectations regarding our Q4 and full-year 2022 projections, and our projections regarding growing markets for IT security.

Our expectations and beliefs regarding these matters may not materialize and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. These risks include our ability to continue to develop platforms and solutions, customer acceptance of our -- and purchase of our existing products and solutions and new products and solutions. The continued effects of our business related to COVID-19 pandemic. The market for IT security continuing to develop competition. From other products and services and general market, political, economic and business, I think we covered everything.

These forward-looking statements are also subject to 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 to Check Point as of the date hereof, and 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 the reconciliation of that results as well as reasons for our presentation of non-GAAP information.