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Quarterly Earnings
Release Scheduled for October 17
REDWOOD CITY, Calif.,
October 2, 2002 - Check Point Software
Technologies Ltd. (Nasdaq: CHKP), the worldwide leader in securing
the Internet, today announced preliminary results for the third
quarter ended September 30, 2002. Consistent with prior guidance,
the Company expects to report revenues of $103 to $104 million,
earnings per share of $0.25 and deferred revenues at the same level
as last quarter.
"In accordance with our tradition of making full and prompt disclosure
to investors, we decided to make an announcement in advance of publication
of the full financial results for the quarter," said Gil Shwed,
chairman and chief executive officer of Check Point. "We want
to reaffirm to investors that our earnings are going to be in line
with our prior indications. We are very proud of our team's ability
to generate strong earnings and quality results in the current economic
environment. In the third quarter, we continued to strengthen our
position as the Internet security market leader and to win key customer
accounts. I would like to invite our investors to participate in
the conference call on October 17, 2002 relating to our full Q3
earnings announcement."
Check Point Software will
report its full financial results for the third quarter after the
market closes on October 17, 2002. A conference call to discuss
these results will be held the same day at 2:00 PM PT/5:00 PM ET.
For more information, please visit www.checkpoint.com/ir
About Check Point Software
Technologies
Check Point Software Technologies is the worldwide leader in securing
the Internet. It is the market leader of both the worldwide VPN
and firewall markets. The company's Secure Virtual Network (SVN)
architecture provides the VPN and security infrastructure that uniquely
enables secure and reliable Internet communications. SVN solutions,
as delivered in the company's Next Generation product family, secure
business communications and resources for corporate networks, remote
employees, branch offices and partner extranets. Extending the power
of SVN is Check Point's Open Platform for Security (OPSEC), the
industry's framework and alliance for integration and interoperability
with "best-of-breed" solutions from over 300 leading companies.
Check Point solutions are sold, integrated and serviced by a network
of 2,000 certified partners in 203 countries. 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.
Safe Harbor Statement
Certain statements in this press release, such as the expected results
for the third quarter, 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 Check Point's current expectations. Factors that could cause
or contribute to such differences include, but are not limited to:
the impact on revenues of economic and political uncertainties and
weaknesses in various regions of the world, including the commencement
or escalation of hostilities or acts of terrorism; the inclusion
of network security functionality in third-party hardware or system
software; any unforeseen developmental or technological difficulties
with regard to Check Point's products; changes in the competitive
landscape, including new competitors or the impact of competitive
pricing and products; a shift in demand for products such as Check
Point's; unknown factors affecting third parties with which Check
Point has formed business alliances; timely availability and customer
acceptance of Check Point's new and existing products, and other
factors and risks discussed in Check Point's Report on Form 20-F
for the year ended December 31, 2001, which is on file with the
Securities and Exchange Commission. Check Point assumes no obligation
to update information concerning its expectations.
###
2002 Check Point Software Technologies
Ltd. All rights reserved.
All rights reserved. Check Point, the Check Point logo, SmartLSM,
ClusterXL, ConnectControl, FireWall-1, FireWall-1 SecureServer,
FireWall-1 SmallOffice, FireWall-1 XL, FloodGate-1, INSPECT, INSPECT
XL, IQ Engine, Meta IP, Open Security Extension, OPSEC, Provider-1,
SecureKnowledge, SecureUpdate, SiteManager-1, SmartDefense, SVN,
UAM, User-to-Address Mapping, UserAuthority, Visual Policy Editor,
VPN-1, VPN-1 Accelerator Card, VPN-1 Net, VPN-1 Pro, VPN SecureClient,
VPN-1 SecuRemote, VPN-1 SecureServer, VPN-1 SmallOffice, and are
trademarks or registered trademarks of Check Point Software Technologies
Ltd. or its affiliates. All other product names mentioned herein
are trademarks or registered trademarks of their respective owners.
The products described in this document are protected by U.S. Patent
No. 5,606,668 and 5,835,726 and may be protected by other U.S. Patents,
foreign patents, or pending applications.
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