CHECK POINT SOFTWARE TECHNOLOGIES LTD. REPORTS RECORD SECOND QUARTER RESULTS

REDWOOD CITY, CALIF., – July 15, 1998 – Check Point Software Technologies Ltd. (Nasdaq: CHKPF) today announced record financial results for the second quarter ended June 30, 1998. Net revenues for the quarter were $34,271,000, compared with $18,020,000 for the

same period in 1997, an increase of 90%. Net income for the quarter was $19,179,000, or $0.50 per share (diluted), compared with net income of $7,447,000, or $0.20 per share the same period in 1997, an increase of 158% in net income and 150% in net income per share.

Reported financial results reflect the acquisition of MetaInfo, Inc., which was accounted for as a pooling-of-interest, and all prior period amounts have been restated.

Second quarter 1998 results included a capital gain of $2.6 million from the company's investment in AbirNet Ltd., which was acquired for cash and stock during the quarter. Excluding the effect of the gain, net income for the quarter was $16,813,000, or $0.44 (diluted).

"We are pleased with the company's results in the second quarter of 1998 and with the strong revenue growth, particularly from North America and Europe," said Gil Shwed, president and CEO of Check Point Software Technologies Ltd. "This strength is evidence of our focused geographic and channel diversification, which has made Check Point what we believe is the strongest brand in security."

"In the second quarter, key revenue drivers for Check Point's business were enterprise security and virtual private networking, or VPNs," continued Shwed. "Our strategic focus on providing comprehensive enterprise solutions, including products and services that enable customers to secure their entire enterprise, is paying off."

During the second quarter, the company's total installed base crossed the 51,000 mark, with more than 8,500 networks worldwide now using its award-winning VPN solution. Shipments of enterprise-level units with unlimited user functionality increased 12% in the second quarter. VPN functionality shipped with more than one-third of all licenses sold in the quarter, increasing 25% from the previous quarter.

Over 140 security, internetworking, and application vendors are now committed to Check Point's OPSEC™ (Open Platform for Secure Enterprise Connectivity) framework, enabling customers to select a best-of-breed security solution that meets their specific requirements. In a recent survey conducted with leading Check Point resellers, they reported that approximately half of all sales included an OPSEC partner product.

Key highlights in the quarter included the announcement of version 4.0 of the Check Point™ FireWall-1 enterprise security and VPN suite, enabling scalable and easy-to-manage enterprise security deployments with standards-based interoperability through IPSec encryption support and integration of Certificate Authorities/Public Key Infrastructure (CA/PKI). Additionally, the company launched its Worldwide Technical Services division, comprised of professional services, technical support and education services for Check Point's worldwide customer base, to increase Check Point's ability to deliver security expertise, integration and enterprise implementation support.

Also announced during the quarter, Check Point expanded its two-year strategic partnership with Microsoft Corporation to provide unified policy-based management for global networks running Microsoft Windows NT.

Check Point's U.S. channels experienced particularly strong growth in the second quarter, with revenues increasing 28% over the first quarter. OEM revenues, including revenues from Sun Microsystems, Inc., accounted for 16% of overall revenues in the second quarter, with Sun accounting for 11% of revenue. Check Point believes this decrease in revenues from Sun was due to the restructuring of Sun's business in which the SunSoft, Inc. subsidiary was dissolved.

On April 21, 1998, the company completed its acquisition of MetaInfo, Inc., a Seattle, WA-based leader in IP address management software. MetaInfo launched its next-generation product, Meta IP 4.0, during the quarter.

"The integration of MetaInfo's products into our enterprise security and traffic management products is a key focus for the company in the next several months," said Deborah Triant, president and CEO of Check Point Software Technologies, Inc. "With the addition of MetaInfo's IP management products, Check Point is the only company that can deliver the full range of solutions, including enterprise security, traffic management, and IP address management, to manage the active networks of the future."

About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. is a leading provider of policy-based management solutions for active networks. Through its Secure Enterprise Connectivity strategy, the company is dedicated to enabling secure, reliable, and manageable business communications over IP networks. The company's products include the world's leading enterprise security and Virtual Private Network (VPN) suite, FireWall-1, and the industry's premier bandwidth management solution, FloodGate-1™. MetaInfo, Inc., a wholly-owned subsidiary of Check Point, is a leader in network and IP address management software that simplifies the set-up, integration and administration of complex networks. The company has U.S. headquarters in Redwood City, California and international headquarters in Ramat-Gan, Israel. For product information, please visit our web site at http://www.checkpoint.com

Statements contained in this press release that are not historical may constitute forward looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results could differ materially from the company's current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the impact on revenues of economic weakness in Japan and other Asian countries, difficulties in integrating the operations of MetaInfo, Inc., the inclusion of network security functionality in hardware or system software, changes in the competitive landscape including new competitors and/or the impact of competitive pricing and products, dependence upon a limited number of key resellers, dependence upon a limited number of product lines, timely availability and customer acceptance of new and existing products, the failure to manage growth, the benefit to the company of recent and potential acquisitions, and other factors and risks discussed in the company's Report on Form 20-F for the year ended December 31, 1997, which has been filed with the Securities and Exchange Commission.

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1998 Check Point Software Technologies Ltd. All Rights Reserved.

Check Point, the Check Point logo, FireWall-1, FireWall-1 SecuRemote, FireWall-First!, OPSEC, INSPECT, UAP, FloodGate-1 and IQ Engine are trademarks or registered trademarks of Check Point Software Technologies Ltd. Meta IP and Meta DNS are trademarks of MetaInfo, Inc. All other product names mentioned herein are trademarks of their respective owners.

CHECK POINT SOFTWARE TECHNOLOGIES LTD.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(In thousands, except per share amount)

			Three Months Ended June 30,			Six Months Ended June 30,
			1998	1997		1998	1997
				(proforma1)			(proforma1)
Net revenues			$34,271	$18,020		$66,227	$32,413
Cost of revenues			2,857	1,453		5,869	2,713
Gross profit			31,414	16,567		60,358	29,700
Operating expenses:
Research and development, net*			2,562	1,593		5,157	2,880
Sales and marketing			9,778	6,218		18,606	10,482
General and administrative			2,933	1,464		5,655	3,177
Total operating expenses			15,273	9,275		29,418	16,539
Operating income			16,141	7,292		30,940	13,161
Net financial income			1,447	795		2,608	1,583
Other income			2,581			2,581
Income before income taxes			20,169	8,087		36,129	14,744
Income taxes			990	440		1,801	745
			19,179	7,647		34,328	13,999
Equity losses related to affiliates			--	200		--	350
Net income			$19,179	$ 7,447		$34,328	$13,649
Earnings per share (basic)			$0.54	$0.22		$0.98	$0.41
Number of shares used in
computing earnings per share			35,265	33,654		35,160	33,494
Earnings per share (fully diluted)			$0.50	$0.20		$0.89	$0.36
Number of shares used in computing Earnings per share (fully diluted)			38,398	38,057		38,557	37,746
* Net of participation by the chief scientist			--	55		108	130

¹ Reported financial results reflect the acquisition of MetaInfo, Inc., which was accounted for as a pooling-of-interest transaction, and all prior period amounts have been restated.

CHECK POINT SOFTWARE TECHNOLOGIES LTD.
SELECTED CONSOLIDATED BALANCE SHEET DATA

(In thousands)

ASSETS

				June 30, 1998		December 31, 1997
						(proforma2)
Current Assets:
Cash & cash equivalents				$ 6,462		$ 5,434
Short term deposits				29,316		33,046
Marketable securities				31,405		26,777
Trade receivable, net				21,028		15,144
Other receivable and prepaid expenses				5,614		4,654
Total current assets				93,825		85,055
Long term investments				67,827		36,135
Net property and equipment				5,606		3,267
Severance pay fund				612		477
Deferred income taxes				52		30
				$167,922		$124,964

LIABILITIES AND SHAREHOLDERS' EQUITY

² Reported financial results reflect the acquisition of MetaInfo, Inc., which was accounted for as a pooling-of-interest transaction, and all prior period amounts have been restated.