Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q2 2023 Earnings Conference Call July 26, 2023 8:30 AM ET Company Participants Kip Meintzer - Head, IR Gil Shwed - CEO & Founder Roei Golan - CFO Conference Call Participants Joseph Gallo - Jefferies Tal Liani - BofA Merrill Lynch Shaul Eyal - TD Cowen Joel Fishbein - Truist Securities Raymond McDonough - Guggenheim Securities Brad Zelnick - Deutsche Bank Adam Borg - Stifel Saket Kalia - Barclays Andrew Nowinski - Wells Fargo Shebly Seyrafi - FBN Securiti ...

Financial Performance - Total revenues for Q2 2023 reached $589 million, a 3% increase year-over-year[7] - Deferred revenues increased by 7% year-over-year, reaching $1774 million[7] - Current deferred revenues grew by 8% year-over-year, reaching $1307 million[7] - Net income grew by 14% to $238 million[23,88] - EPS increased by 22% to $200[80,88] - Strong operating cash flow of $191 million[26] Product and Platform Adoption - Harmony Email experienced triple-digit growth[9,46] - Consolidated Security Platform exceeded 10% of total revenues[46,84] - Security subscription revenues increased by 14%[67] Future Outlook - Revenue projections for the future are between $7700 million and $8300 million[55]

RESOLVED, that the reelection of Gil Shwed to the Board of Directors of Check Point until the 2024 annual general meeting of shareholders be, and it hereby is, approved; 6 FURTHER RESOLVED, that the reelection of Jerry Ungerman to the Board of Directors of Check Point until the 2024 annual general meeting of shareholders be, and it hereby is, approved; FURTHER RESOLVED, that the reelection of Tzipi Ozer-Armon to the Board of Directors of Check Point until the 2024 annual general meeting of shareholders be, ...

Table of Contents Further, if the necessary infrastructure or complementary products and services are not developed in a timely manner and, consequently, the enterprise security, data security, Internet or intranet markets fail to grow or grow more slowly than we currently anticipate, our business, results of operations and financial condition may be materially adversely affected. Additional details are provided in "Item 4 – Information on Check Point". 2. CloudGuard: Automatically secure your cloud Check P ...

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q4 2022 Results Conference Call February 13, 2023 8:30 AM ET Company Participants Kip Meintzer - Global Head of Investor Relations Roei Golan - VP of Finance and Acting CFO Gil Shwed - Founder, and CEO Conference Call Participants Adam Tindle - Raymond James Joseph Gallo - Jefferies Keith Bachman - BMO Capital Markets Andrew Nowinski - Wells Fargo Brian Essex - JPMorgan Patrick Colville - Scotiabank Shaul Eyal - Cowen & Co Raymond McDonough - Guggenheim S ...

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q3 2022 Earnings Conference Call October 27, 2022 8:30 AM ET Company Participants Kip Meintzer - Global Head of Investor Relations Tal Payne - Chief Financial Officer and Chief Operating Officer Gil Shwed - Founder, and CEO Conference Call Participants Keith Bachman - BMO Capital Markets Hamza Fodderwala - Morgan Stanley Rob Owens - Piper Sandler Michael Turits - KeyBanc Capital Markets Andrew Nowinski - Wells Fargo Fatima Boolani - Citi Brad Zelnick - De ...

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 ...