Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q3 2023 Earnings Call Transcript October 30, 2023 8:30 AM ET

Company Participants

Kip Meintzer - Head, IR

Gil Shwed - CEO & Founder

Roei Golan - CFO

Conference Call Participants

Gabriela Borges - Goldman Sachs

Adam Borg - Stifel

Brad Zelnick - Deutsche Bank

Tal Liani - BofA Merrill Lynch

Joseph Gallo - Jefferies

Saket Kalia - Barclays

Hamza Fodderwala - Morgan Stanley

Patrick Colville - ScotiaBank

Joshua Tilton - Wolfe Research

Fatima Boolani - Citi

Operator

[Starts Abruptly] on our website at Checkpoint.com.

During the formal presentation, all participants are in listen-only mode to be followed by a Q&A session. During the presentation, Check Point representatives may make forward-looking statements within the meaning of Sections 27A of the Securities Act of 1933 and Section 21 of the Securities and Exchange Act of 1934. These statements involve risk and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to those discussed in Check Point Software's latest filings with the Securities and Exchange Commission. Any forward-looking statements may speak only as of the date hereof, and Check Point Software undertakes no obligation to update publicly any forward-looking statements.

In our press release, which has been posted on our website, we present GAAP and non-GAAP results, along with the reconciliation of such results, as well as the reasons for presentation of non-GAAP information. If you have any questions after the call, please feel free to contact Invest Relations by email at kip@checkpoint.com.

Now I'd like to turn the call over to Gil Shwed.

Gil Shwed

Hi everyone, good morning and glad to see all of you here. Before I turn it into Roei to go through the financial, I want to make a short statement. I think as you all know, Israel gone through a very terrible terror attack three weeks ago. And first and foremost, our hearts go to all the people that are suffering from the situation and all the people that lost their loved ones in this situation. And unfortunately, here in Israel and around us, there are many of them. We all know people that have suffered and we all know people that got murdered in this terror attack.

Over the past three weeks our employees proved that despite the Siren reserve military draft of few people around 5% of our entire headcount. We can continue to operate as planned uninterrupted. Over the last three weeks, we've been able to launch products, complete acquisitions, and of course, continue and support our customers partners exactly as planned. All of that is due to the fact that we're much more accommodated to work in a hybrid manner with our operations all around the world, and mainly due to our employees and their commitment to customers and partners.