Latest news with #JERUSALEM
Reuters
16 hours ago
- Business
- Reuters
Israel's Check Point Software aims to go it alone as cyber security sales rise
JERUSALEM, July 30 (Reuters) - The CEO of Check Point Software Technologies (CHKP.O), opens new tab said the Israeli company was not looking to be bought out like some local rivals, as it reported a second-quarter profit boosted by higher sales of products to protect and prevent corporate networks from cyber threats. Nadav Zafrir on Wednesday said the network security company, which is valued at $24 billion and whose Nasdaq-listed shares are up 17% so far this year, would prefer to use its $3 billion cash pile on its own acquisitions. A day earlier the Wall Street Journal reported that Palo Alto Networks (PANW.O), opens new tab was in talks to acquire Israeli rival CyberArk Software in a deal that could be worth more than $20 billion, while Google is buying Wiz for $32 billion Zafrir told reporters his company, which operates an open platform, had not been approached by Palo Alto, nor was it interested. "We have a be the number one player in the acquisitions are definitely a part of that," Zafrir said. "We always have the option to either build it or buy it, or do both at the same time," he said. Check Point reported earnings of $2.37 per diluted share excluding one-off items for the April-June quarter, up 9% from a year earlier and broadly in line with the $2.36 expected by analysts, according to LSEG data. Revenue grew 6% to $665 million, just topping LSEG's forecast of $662 million. Product and licence revenue rose 12% to $132 million in the quarter, while security subscription revenue gained 10% to $298 million. Zafrir said the third quarter is "shaping up well with strong July indicators". "We have a healthy pipeline heading into the second half of the year underscoring our full-year outlook," he added. Check Point bought back 1.5 million of its own shares at a total cost of about $325 million in the second quarter.
Reuters
18 hours ago
- Business
- Reuters
Check Point Software quarterly profit beats estimates
JERUSALEM, July 30 (Reuters) - Check Point Software Technologies (CHKP.O), opens new tab beat second-quarter profit expectations, boosted by sales gains in its products to protect and prevent corporate networks from cyber threats. 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.
Straits Times
3 days ago
- Politics
- Straits Times
Israel says Gaza got 120 trucks of aid on day one of pause
Find out what's new on ST website and app. JERUSALEM - Israel said July 28 that more than 120 truckloads of food aid were distributed by the UN and aid agencies in the Gaza Strip on the first day of a promised limited break in fighting. On July 27, Israel declared a 'tactical pause' in military operations in part of Gaza and promised to open secure routes for aid, urging humanitarian groups to step up food distribution. 'Over 120 trucks were collected and distributed yesterday by the UN and international organisations,' said Cogat, an Israeli defence ministry body overseeing civilian affairs in the Palestinian territories. 'An additional 180 trucks entered Gaza and are now awaiting collection and distribution, along with hundreds of others still queued for UN pickup,' Cogat said in a post on X. Separately, Israel, Jordan and the United Arab Emirates have conducted parachute air drops of smaller quantities of aid. More than two million Palestinians live in Gaza and, before the eruption of the latest 21-month-old conflict between Israel and Hamas, it took roughly 500 trucks per day of commercial trade and humanitarian aid to supply the territory. In recent weeks UN agencies have been warning of a life-threatening famine as aid supplies dry up, and international pressure has been building for a ceasefire to allow a massive relief operation. Top stories Swipe. Select. Stay informed. Singapore Tanjong Katong sinkhole backfilled; road to be repaved after LTA tests Asia Gunman kills 5 security guards near Bangkok's Chatuchak market before taking own life Singapore HPB looking for vaping, smoking counselling services for up to 175 secondary school students Asia Cambodia says immediate ceasefire is purpose of talks; Thailand questions its sincerity Singapore Jail for former pre-school teacher who tripped toddler repeatedly, causing child to bleed from nose Singapore Police statements by doctor in fake vaccine case involving Iris Koh allowed in court: Judge Singapore Woman allegedly linked to case involving pre-schooler's sexual assault given stern warning Singapore Singapore lion dance troupe retains title at Genting World championship Israel's government, under Prime Minister Benjamin Netanyahu, furiously denies that it is using hunger as a weapon of war, and instead accuses the aid agencies of failing to pick up and distribute aid delivered to Gaza's border crossing points. 'More consistent collection and distribution by UN agencies and international organisations equals more aid reaching those who need it most in Gaza,' Cogat said. AFP
Yahoo
23-07-2025
- Business
- Yahoo
Romania buys Spyder air-defense suites from Israel for over $2 billion
JERUSALEM — Rafael Advanced Systems will supply short-range air defense systems to Romania for well over $2 billion, the Romanian Ministry of Defense announced this week. The transaction will be the second largest defense deal in Israeli defense-industry history after the sale of the Arrow-3 to Germany for $3.5 billion. The bulk of the Romanian purchase is for Spyder defense system batteries in various configurations, which will allow the integration of short-range interceptors. Israel competed in the Romanian tender against European competitors to provide a defensive response, among other things, from attacks similar to those experienced by neighboring Ukraine, such as drones, cruise missiles and attack helicopters. The Spyder is a mobile air defense system whose components are mounted on off-road trucks, and is built around Python-4 heat-seeking missiles and radar-guided Derby missiles, designed to intercept targets at low altitudes and at a distance of tens of kilometers. Rafael confirmed to Defense News that it submitted Spyder configurations for the Romanian tender. Romanian officials indicated that they will purchase six Spyder systems over a period of seven years, with the first two very-short-range systems to be delivered within three years of the signing of the first contract. Israel Aerospace Industries, which supplies the Elta MMR radar for the Spyder, is expected to receive a share of approximately $100 million from Rafael's deal with Romania, which brings Rafael's total Spyder sales to date to approximately $5 billion. Solve the daily Crossword
Reuters
17-07-2025
- Politics
- Reuters
Israel indicts soldier on charges he spied for Iran
JERUSALEM, July 17 (Reuters) - Israeli authorities have charged a soldier with spying for Iran in exchange for money, the police and security agency Shin Bet said in a statement on Thursday. The statement said the soldier, who was not named, had sent the Iranians videos of Israeli missile interceptions and sites hit by Iranian rocket fire in last month's 12-day war between the arch enemies. The security service said he had not sent material collected during his duties with the Israel Defense Forces (IDF) and added that none of the information given to Iran had been classified. However, the statement said: "This is considered a particularly grave incident involving direct contact between an IDF soldier and hostile foreign elements." A military court ordered that he should remain in custody until next week. News of the indictment came just one day after Israel launched an unusual, nationwide media campaign warning citizens against spying for Iran. The ads said people who took Iranian cash in return for information faced up to 15 years in prison. For its part, Iran has executed several people over the past month after they were convicted of collaborating with Israel and facilitating covert operations in the country.
