Check Point Software Technologies Ltd. Announces Preliminary Second Quarter 2001 Results

Expects Earnings Per Share to be $0.32

REDWOOD CITY, Calif. - July 3, 2001 - Check Point Software Technologies Ltd. (Nasdaq: CHKP), the worldwide leader in securing the Internet, announced today that it anticipates earnings per share (diluted) of $0.32 for the second quarter ended June 30, 2001, compared to $0.17 for the second quarter last year. Revenues for the second quarter are expected to be between $140 million to $142 million, compared to $90.7 million in the second quarter last year.

"I am proud of our team's execution which delivered over 50 percent revenue growth while meeting profit targets, despite tough macro-economic market conditions and an overall slowdown in IT spending, " said Gil Shwed, chairman and chief executive office of Check Point Software. "We are looking forward to continued customer wins with next week's release of Check Point Next Generation, our advanced VPN and Internet security product suite." Check Point will report its full financial results for the second quarter on July 23, 2001 before the market opens.

Conference Call Information
The Company will host a conference call with the investment community at 5:30 AM PT/8:30 AM ET. For information on the live webcast and audio replay of the call, please visit Check Point's web site at http://www.checkpoint.com/ir. A replay of the conference call will be available through July 22 at the Company's website or by telephone at (719) 457-0820, confirmation code 442357.

Safe Harbor Statement
Statements in this press release such as the results of the second quarter and customers' acceptance of Check Point NG are 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 uncertainties and weaknesses in geographic regions of the world; the inclusion of network security functionality in third-party hardware or system software; any unforeseen developmental or technological difficulties with regard to our products; changes in the competitive landscape including new competitors and/or the impact of competitive pricing and products; a shift in demand for products such as ours; unknown factors effecting the third parties with whom we have formed business alliances; timely availability and customer acceptance of new and existing products, and other factors and risks discussed in our Report on Form 20-F for the year ended December 31, 2000, which has been filed with the Securities and Exchange Commission. The company assumes no obligation to update information concerning its expectations.

About Check Point Software Technologies 
Check Point Software Technologies is the worldwide leader in securing the Internet. The company's Secure Virtual Network (SVN) architecture provides the infrastructure that enables secure and reliable Internet communications. SVN secures business-to-business (B2B) communications between networks, systems, applications and users across the Internet, Intranets and extranets. Check Point's Open Platform for Security (OPSEC) provides the framework for integration and interoperability with "best-of-breed" solutions from over 270 leading industry partners. Check Point solutions are sold, integrated and serviced by a network of over 1500 certified partners. For more information, please call us at (800) 429-4391 or (650) 628-2000 or visit us on the Web at http://www.checkpoint.com or at http://www.opsec.com.

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