
Check Point Software quarterly profit beats estimates
The Israeli-based network security company on Wednesday reported $2.37 per diluted share excluding one-off items for the April-June quarter, up 9% from $2.17 a year earlier. Revenue grew 6% to $665 million.
That beat the $2.36 a share on revenue of $662 million expected by analysts, LSEG data from Refinitiv showed.
Product and licence revenue rose 12% to $132 million in the quarter, while security subscription revenue gained 10% to $298 million.
Check Point said that during the second quarter it During the second quarter of 2025 it bought back some 1.5 million of its own shares at a total cost about $325 million.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
25 minutes ago
- Reuters
Apple crushes Wall Street expectations as iPhone sales soar
SAN FRANCISCO, July 31 (Reuters) - Apple (AAPL.O), opens new tab on Thursday reported sales and profit that far surpassed expectations, showing that its efforts to re-route its sprawling global supply chain away from U.S. President Donald Trump's trade war have so far succeeded. Apple said it earned $94.04 billion in revenue for its fiscal third quarter ended June 28, up nearly 10% from a year earlier and beating analyst expectations of $89.54 billion, according to LSEG data. Its earnings per share of $1.57 per share topped expectations of $1.43 per share. Apple shares were up about 2% in after-hours trading. Sales of iPhones, the Cupertino, California, company's best-selling product, were up 13.5% to $44.58 billion, beating analyst expectations of $40.22 billion. Apple has been shifting production of products bound for the U.S., sourcing iPhones from India and other products such as Macs and Apple Watches from Vietnam. Still, the company had warned investors that U.S. tariffs could cost it $900 million in the fiscal third quarter, and it trimmed its annual share buyback program by $10 billion, a move analysts viewed as helping to free up cash to remain nimble in uncertain times. The ultimate tariffs many Apple products could face remain in flux, and many of its products are currently exempt. Sales in its Americas segment, which includes the U.S. and could face tariff impacts, rose 9.3% to $41.2 billion. In an interview with Reuters, Apple CEO Tim Cook said the company set seasonal records for upgrades of iPhones, Macs, and Apple Watches. He said Apple estimates about 1 percentage point of its 9.6% of sales growth in the quarter was attributable to customers making purchases ahead of potential tariffs. "We saw evidence in the early part of the quarter, specifically, of some pull-ahead related to the tariff announcements," Cook told Reuters, though he also said the active user base for iPhones hit a record high in all geographies. The U.S. is still negotiating with both China and India, with Trump saying India could face 25% tariffs as early as Friday. However, analysts said India could still retain cost advantages for Apple in the longer term. Tariffs are only one of Apple's challenges. The company faces competition from rivals such as Samsung Electronics Co ( opens new tab in a tough market for premium-priced mobile phones. On the software front, Apple faces challenges from Alphabet (GOOGL.O), opens new tab, which is quickly weaving AI features into its competing Android operating system. Apple has delayed the release of an AI-enriched version of Siri, its virtual assistant, but Cook said the company is "making good progress on a personalized Siri." He also said Apple, which has thus far not engaged in the massive capital expenditures of its Big Tech rivals to pursue AI, is "significantly growing" its investments in artificial intelligence. "Apple has always been about taking the most advanced technologies and making them easy to use and accessible for everyone, and that's at the heart of our AI strategy," Cook said. Apple faces regulatory rulings in Europe that threaten to undermine its lucrative App Store business. Apple said sales from its services business, which includes the App Store as well as music and cloud storage, were $27.42 billion, topping analyst expectations of $26.8 billion. Sales of wearables such as AirPods and Apple Watches were $7.4 billion, missing estimates of $7.82 billion. Mac sales of $8.05 billion beat expectations of $7.26 billion, while iPads hit $6.58 billion in sales, missing expectations of $7.24 billion. In Greater China, where Apple has faced long delays in approval to introduce AI features on its devices, sales were $15.37 billion, up from a year ago and above expectations of $15.12 billion, according to a survey of five analysts from data firm Visible Alpha. Apple said gross margins were 46.5%, beating analyst expectations of 45.9%, according to LSEG estimates.


Reuters
25 minutes ago
- Reuters
DXC raises annual forecast on robust cloud demand
July 31 (Reuters) - IT services company DXC Technology (DXC.N), opens new tab raised its annual revenue and profit forecast on Thursday, driven by steady enterprise spending on its cloud-based solutions. Businesses' heavy investments in artificial intelligence have resulted in increased demand for cloud computing services that power the technology, benefiting companies that offer cloud infrastructure solutions, such as DXC Technology. DXC has also benefited from a surge in demand from enterprises as they upgrade and outsource their IT infrastructure, further boosted by AI advancements. "We're embedding AI across our solutions and combining it with our full-stack expertise to help clients unlock insights and drive outcomes," said CEO Raul Fernandez. The company provides consulting and engineering services as well as insurance software services as part of its legacy IT outsourcing business. DXC now expects annual revenue in the range of $12.61 billion to $12.87 billion, an increase from its prior projection of $12.18 billion to $12.44 billion. It sees second-quarter revenue between $3.15 billion and $3.18 billion, compared with analysts' average estimate of $3.11 billion, according to data compiled by LSEG. The company reported revenue of $3.16 billion for the quarter ended June 30, beating estimates of $3.09 billion. Its adjusted profit of 68 cents per share was above estimates of 62 cents apiece.


Reuters
25 minutes ago
- Reuters
Amazon cloud computing results fail to impress, shares drop after hour
July 31 (Reuters) - (AMZN.O), opens new tab forecast third-quarter sales above market estimates on Thursday but failed to live up to lofty expectations for its Amazon Web Services cloud computing unit after rivals handily beat expectations. Shares fell by more than 2% in after-market trading after finishing regular trading up 1.7% to $234.11. Both Google-parent Alphabet (GOOGL.O), opens new tab and Microsoft (MSFT.O), opens new tab posted big cloud computing revenue gains earlier this month. AWS profit margins also contracted. Amazon said they were 32.9% in the second quarter, compared with 39.5% in this year's first quarter and 35.5% a year ago. AWS, the cloud unit, reported a 17.5% increase in revenue to $30.9 billion, edging past expectations of $30.77 billion. The company expects total net sales to be between $174.0 billion and $179.5 billion in the third quarter, compared with analysts' average estimate of $173.08 billion, according to data compiled by LSEG. Blockbuster cloud revenue growth at Microsoft (MSFT.O), opens new tab and Alphabet's (GOOGL.O), opens new tab Google raised expectations for AWS, the world's largest cloud provider. Both Microsoft and Alphabet cited massive demand for their cloud computing services to boost their already huge capital spending, but also noted they still faced capacity constraints that limited their ability to meet demand. AWS represents a small part of Amazon's total revenue, but it is a key driver of profits, typically accounting for about 60% of Amazon's overall operating income. While Amazon has poured billions into AI infrastructure, analysts have said the lack of a strong AI model from AWS is causing some concerns that the company could be trailing rivals in AI development, analysts said. President Donald Trump's tariffs have dampened the U.S. retail industry, leaving major retailers and consumer goods companies scrambling to protect their margins or resort to price increases, all while ensuring consumer demand remains intact. Trump has said the levies will bring manufacturing power and jobs back to the U.S. Investors have been closely watching Amazon's e-commerce unit for any signs that tariff-related uncertainty has dashed consumer confidence. U.S. data showed consumer spending rose moderately in June. Analysts had said Amazon's focus on low prices, quick delivery and the sheer number of product categories has helped cement its position as the No. 1 e-commerce retailer for U.S. consumers, giving it an edge over rivals. Amazon has said it was pushing suppliers to pull forward inventories to ensure supply and keep prices as low as possible. Still, prices for goods made in China and sold on have been rising faster than overall inflation, Reuters reported last month.