CHKP reported Q2 results beating revenue and non-GAAP EPS expectations, with revenue of $667M and non-GAAP EPS of $2.42. The company guided Q3 revenue in line with consensus midpoint. The results indicate growth reacceleration under the new CEO.
CHKP beat revenue and non-GAAP EPS expectations, with the key takeaway being the traction of the Infinity platform with 130 deals over $1M.
Guidance for Q3 revenue was in line with consensus midpoint, and the CEO emphasized the traction of the Infinity platform.
The results indicate that the growth reacceleration thesis under the new CEO is intact.
Investors should watch for continued traction of the Infinity platform and growth reacceleration in future quarters.
| Metric | Reported | Expected | % Surprise |
|---|---|---|---|
| Revenue | $667M | $661M | 0.9% |
| Non-GAAP EPS | $2.42 | $2.36 | [TK] |
| Billings | $721M | $705M | [TK] |
| Op Margin | 42% | 41.5% | [TK] |