Check Point Software Expects Strong Results for the First Quarter
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REDWOOD CITY, Calif. - April 7, 1999 - Check Point Software (Nasdaq: CHKP) announced today that results for the quarter ended March 31, 1999 will meet the Company's expectations. Commenting on recent announcements by some competitors that their results for the quarter would not meet expectations, Check Point president and CEO, Gil Shwed, said "During the first quarter, demand for our products and services was strong, and we have not experienced the difficulties which some of our competitors state are affecting their business. Check Point's leadership in the VPN, firewall and network security space enabled us to achieve strong first quarter market acceptance and competitive wins in all major business segments." Final quarterly results are not yet available, and are expected to be announced before the market on April 19, 1999. Statements concerning market difficulties and market conditions are forward-looking and are based on current expectations that involve risks and uncertainties, including those caused by the reduced visibility of quarterly operating results, anticipated decline in margins, absence of backlog, and other factors discussed under "Risk Factors" in the Company's Report on Form 20-F for the year ended December 31, 1997. |