Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q2 2022 Earnings Conference Call August 1, 2022 8:30 AM ET Company Participants Kip Meintzer - Investor Relations Gil Shwed - Founder and Chief Executive Officer Tal Payne - Chief Financial Officer and Chief Operating Officer Conference Call Participants Gregg Moskowitz - Mizuho Tal Liani - BofA Adam Tindle - Raymond James Saket Kalia - Barclays Joel Fishbein - Truist Securities Brad Zelnick - Deutsche Bank Shaul Eyal - Cowen Matthew Hedberg - RBC Capital ...

Financial Data and Key Metrics Changes - Revenue reached $543 million, a 7% increase from $508 million, exceeding guidance by $11 million [7][9] - Earnings per share (EPS) was $1.57, $0.04 above the midpoint of guidance, reflecting a 2% year-over-year increase [7][28] - Deferred revenues increased by 14% to $1,666 million [9] - Operating cash flow was strong at almost $400 million, a 6% year-over-year increase [29] Business Line Data and Key Metrics Changes - Product revenue grew by 6%, marking a turnaround from negative growth in the previous two years [13] - Security subscription revenue growth accelerated from 10% to 14% [16] - Combined product and subscription revenues achieved double-digit growth for the first time since 2017, reaching 11% [17] Market Data and Key Metrics Changes - Revenue growth by geography showed America at 43%, EMEA at 44%, and APAC at 13% [18] - All regions experienced double-digit growth in new business bookings, with America leading the growth [19] Company Strategy and Development Direction - The company is focusing on aggressive customer engagement and expanding its market reach [75] - New leadership in the go-to-market organization aims to enhance integration between sales and marketing [45] - Continued investment in R&D and sales personnel to support growth initiatives [24][48] Management's Comments on Operating Environment and Future Outlook - Management noted a 54% increase in weekly cyber attacks globally, indicating a growing demand for cybersecurity solutions [33] - The company remains optimistic about maintaining strong revenue growth and achieving double-digit growth in new business [66][93] - Supply chain constraints are expected to be temporary, with hopes for resolution by the end of the year [23] Other Important Information - The company continues to execute its buyback program, purchasing 2.5 million shares for $325 million [30] - Non-GAAP tax rate for the quarter was around 17%, consistent with expectations [28] Q&A Session Summary Question: Can you elaborate on the divergence between bookings and billings? - Management explained that the gap is due to various factors, including invoicing timing and delivery delays, which can create discrepancies between bookings and billings [70][74] Question: What changes are being made in the go-to-market strategy? - The focus is on being more aggressive in customer engagement and expanding methodologies to better communicate the differentiation in product security [75][76] Question: Will remaining performance obligations (RPO) continue to grow? - Management indicated that RPO is a reflection of backlog and can fluctuate based on booking performance, but overall, the business remains healthy [81][84] Question: Are supply chain challenges impacting win rates? - Management noted that while some projects were won due to supply capabilities, delays in customer projects due to other equipment shortages also affected overall business [88] Question: What is the outlook for pricing in the current environment? - The company has increased prices by 7%, which is lower than competitors, and the impact on end-users varies by project [99][100]

©2021 Check Point Software Technologies Ltd. 1 FIRST QUARTER 2021 FINANCIAL RESULTS April 26, 2021 NEW WORLD NEW OPPORTUNITIES 2021 Gil Shwed – Founder & CEO | Tal Payne – CFO & COO | Kip E. Meintzer – Global Head of IR Forward Looking Statement 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 Act of 1933 and Section 21E of the Securities and Exchange Act of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 1 ...

| --- | --- | --- | |-------------------------------|------------------------------|-------| | | | | | | | | | | | | | FINANCIAL RESULTS Feb 3, 2022 | FOURTH QUARTER & 2021 ANNUAL | | | Gil Shwed Founder & CEO | | | | | | | ©2022 Check Point Software Technologies Ltd. 1 Forward Looking Statement 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 Act of 1933 and ...

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q4 2021 Earnings Conference Call February 3, 2022 8:30 AM ET Company Participants Kip Meintzer - Global Head-Investor Relations Tal Payne - Chief Financial Officer & Chief Operating Officer Gil Shwed - Founder & Chief Executive Officer Conference Call Participants Patrick Colville - Deutsche Bank Gregg Moskowitz - Mizuho Adam Tindle - Raymond James Gray Powell - BTIG Matthew Hedberg - RBC Capital Markets Sterling Auty - JPMorgan Joel Fishbein - Truist Sec ...

©2021 Check Point Software Technologies Ltd. 1 NEW WORLD NEW OPPORTUNIT 2021 THIRD QUARTER 2021 FINANCIAL RESULTS Oct 28, 2021 Gil Shwed – Founder & CEO | Tal Payne – CFO & COO | Kip E. Meintzer – Global Head of IR Forward Looking Statement 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 Act of 1933 and Section 21E of the Securities and Exchange Act of 1934 ...

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q3 2021 Earnings Conference Call October 28, 2021 8:30 AM ET Company Participants Kip Meintzer – Global Head-Investor Relations Tal Payne - Chief Financial Officer & Chief Operating Officer Gil Shwed - Founder & Chief Executive Officer Conference Call Participants Saket Kalia - Barclays Bank Sterling Auty - JPMorgan Shaul Eyal - Oppenheimer Gray Powell - BTIG Matthew Hedberg - RBC Capital Markets Patrick Colville - Deutsche Bank Jonathan Ho - William Blai ...

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q2 2021 Earnings Conference Call July 26, 2021 8:30 AM ET Corporate Participants Kip Meintzer - Investor Relations Gil Shwed - Chief Executive Officer Tal Payne - Chief Financial Officer, Chief Operating Officer Conference Call Participants Jonathan Ho - William Blair Rob Owens - Piper Sandler Shaul Eyal - Cowen & Co Patrick Colville - Deutsche Bank Adam Tindle - Raymond James Joel Fishbein - Truist Securities Gray Powell - BTIG Gregg Moskowitz - Mizuho S ...

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q1 2021 Earnings Conference Call April 26, 2021 8:30 AM ET Company Participants Gil Shwed - Chief Executive Officer Tal Payne - Chief Financial Officer, Chief Operating Officer Kip Meintzer - Investor Relations Conference Call Participants Gregg Moskowitz - Mizuho Patrick Colville - Deutsche Bank Jonathan Ho - William Blair Fatima Boolani - UBS Keith Weiss - Morgan Stanley Saket Kalia - Barclays Rob Owens - Piper Sandler Gray Powell - BTIG Ben Bollin - Cl ...