Check Point Software Technologies (CHKP) Q2 2023 Earnings Call Transcript

For the period ending June 30, 2023

July 26, 2023 8:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Kip Meintzer

Hello everybody and good afternoon. It's Kip Meintzer, Head of Investor Relations for Check Point Software. Joining me today on the video conference call will be Gil Shwed CEO and Founder; as well as Roei Golan, our CFO.

Before we begin, obviously the good old forward-looking statement. 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 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 product solutions, expectations related to cyber security and other threats.

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 platform capabilities and solutions, customer acceptance, purchase of our existing products and solutions, new products and solutions, the market for IT security, et cetera, political economic business everything under the sun including the impact of the COVID-19 pandemic.

These forward-looking statements are also 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 SEC on April 27, 2023.

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 this presentation, 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 the reasons for our presentation of non-GAAP information.

And guess what? This year is our 30th year in business. I hope you'll all join us in celebrating toast of glass or what have you of your favorite beverage. We've had an accumulation of $30 billion in revenue over these 30 years, and I hope you'll cheers us to the next 30.

And with that…

Roei Golan

And we -- actually a week ago, we just – yes --

Kip Meintzer

A week ago. There you go.