Leading software security company in innovation and development of the Software Blade architecture in  Internet, Check Point Software Technologies,   has  announced financial results for the second quarter ended June 30, 2010.

The Chairman and Chief executive officer of the company, Gil Shwed who made this known in a statement said the company in its second quarter financial results recorded over $261.1 million which translates into 17 percent increase from the previous record.

The  financial report according to him is in accordance with generally accepted accounting principles, or GAAP, Check Point uses non-GAAP measures of operating income, operating margin, net income and earnings per share, which are adjusted from results based on GAAP to exclude non-cash equity-based compensation charges, amortization of acquired intangible assets, restructuring and other acquisition related charges and the related tax affects.

He said this was made possible because the strong sales growth experienced by the company, driven by 25 percent growth in product revenue.

“We experienced strong sales growth driven by 25% growth in product revenues.  This enabled us to exceed our revenue projections and achieve the top-end of our earning per share projections,” said Gil Shwed, adding that the growth in revenue came from all main product lines and geographies.

Speaking on the product, the company Chairman said assured that Check Point® Software Technologies.
The dynamic Software Blade architecture he said delivers secure, flexible and simple solutions that can be fully customized to meet the exact security needs of any organization or environment, assured that the award-winning ZoneAlarm solutions would be used to protect millions of consumers from hackers, spyware and identity theft.
Check Point Software Technologies Ltd. is one of the leading companies in securing the Internet.

It is also known as a vendor in  delivering total security for networks, data and endpoints, unified under a single management framework. The company also  provides customers with protection against all types of threats, reduces security complexity and lowers total cost of ownership.

Check Point first pioneered the industry with FireWall-1 and its patented stateful inspection technology
Some of the financial highlights for the Second Quarter of 2010 include: Revenue: $261.1 million, representing a 17 percent increase year over year; Product Revenues: $103.9 million, representing a 25 percent increase year over year; Non-GAAP Operating Income: $144.7 million, representing a 24 percent increase year over year or 55 percent of revenues versus 52 percent a year ago among other.

Recent business highlights include:
*Introduction of Check Point Data Loss Prevention (DLP) solution – A new product category of network-based solutions that prevents leaks of sensitive data to unintended recipients outside the organization.

*Acquisition of Liquid Machines – Acquired the Boston based company, a leader in data security with award-winning products for document encryption, secure sharing and protection of corporate data. The acquisition broadens Check Point’s extensive data security portfolio.

*The New SmartEvent Software Blade – A unified security management solution for real-time event visibility across multiple security systems, including Firewall, Intrusion Prevention (IPS), Data Loss Prevention (DLP) and endpoints.

*Significant Antivirus and URL Filtering Performance Improvements – Innovative streaming technology that dramatically increases software blade performance by up to 80 times for these operations.

*Higher Performance for Entry Level & Mid-Range Appliances – Introduced new entry level appliances with Gigabit performance for under $800.  Also, expanded performance for our existing entry level and mid-range appliances (UTM-1 130, 270, 570, 1070 and 2070 series) with up to four times firewall performance and four times connections per second performance improvement.

*New Free Firewall for Consumers – The new edition of ZoneAlarm Free Firewall includes DefenseNet services that analyze malware automatically through our cloud service.  The new ZoneAlarm edition already won key industry awards this quarter.

Check Point Software Technologies Ltd. (www.checkpoint.com), the worldwide leader in securing the Internet, is the only vendor to deliver Total Security for networks, data and endpoints, unified under a single management framework.

Check Point provides customers with uncompromised protection against all types of threats, reduces security complexity and lowers total cost of ownership. Check Point first pioneered the industry with FireWall-1 and its patented stateful inspection technology.

Today, Check Point continues to innovate with the development of the Software Blade architecture. The dynamic Software Blade architecture delivers secure, flexible and simple solutions that can be fully customized to meet the exact security needs of any organization or environment.

Check Point customers include tens of thousands of businesses and organizations of all sizes including all Fortune 100 companies. Check Point’s award-winning ZoneAlarm solutions protect millions of consumers from hackers, spyware and identity theft.

Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Check Point uses non-GAAP measures of operating income, operating margin, net income and earnings per share, which are adjusted from results based on GAAP to exclude non-cash equity-based compensation charges, amortization of acquired intangible assets, restructuring and other acquisition related charges and the related tax affects. Management uses both GAAP and non-GAAP information in evaluating and operating the business internally and as such has determined that it is important to provide this information to investors.

Check Point’s management also believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of Check Point’s on-going core operations and prospects for the future. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP.