UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule
13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of October, 2007
Commission File Number 0-28584
| CHECK POINT SOFTWARE TECHNOLOGIES LTD. |
| (Translation of registrant’s name into English) |
5
Ha’solelim Street, Tel Aviv, Israel
(Address
of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the information contained in this Form, is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
FOR IMMEDIATE RELEASE
| INVESTOR CONTACT: | MEDIA CONTACT: |
| Kip E. Meintzer | Allison Wagda |
| Check Point Software Technologies | Check Point Software Technologies |
| +1.650.628.2040 | +1.650.628.2070 |
| ir@us.checkpoint.com | press@us.checkpoint.com |
CHECK POINT SOFTWARE REPORTS FINANCIAL RESULTS FOR THE
THIRD QUARTER OF 2007
Record Quarter for revenues and non GAAP net income and EPS
REDWOOD CITY, Calif., – October 22, 2007 – Check Point® Software Technologies Ltd. (NASDAQ: CHKP), the worldwide leader in securing the Internet, today announced its financial results for the third quarter ended September 30, 2007.
“During the third quarter, Check Point delivered record quarterly results for revenues and non-GAAP net income and EPS.” said Gil Shwed, chairman and chief executive officer of Check Point Software. “The overall success of the quarter is a result of our pure focus on security and Unified Security Architecture. This is demonstrated by the growth of our new data security business and core network security business, which delivered the largest quarterly revenue contribution in our history.”
| Financial Highlights for the Third Quarter of 2007: |
| — | Total Revenues: $184 million, an increase of 29 percent compared to $142.5 million in the third quarter of 2006. Network security accounted for a record $163 million in revenues and data security contributed $21 million in revenues. |
| — | Net Income – GAAP: $76.7 million, an increase of 8 percent compared to $71.1 million in the third quarter of 2006. Net income in the third quarter of 2007 includes acquisition related charges, net of taxes, of $7.5 million and equity-based compensation expenses, net of taxes, of $7.7 million. Equity-based compensation expenses have been reported since the beginning of 2006pursuant to SFAS 123(R). |
| — | Net Income – Non GAAP1: $91.9 million, an increase of 17 percent compared to $78.6 million in the third quarter of 2006. Non-GAAP net income excludes equity-based compensation expenses and acquisition related charges2. |
| — | Earnings per Diluted Share – GAAP: $0.34, an increase of 10 percent compared to $0.31 in the third quarter of 2006. Equity-based compensation expenses of $0.04 are included in the third quarter of 2007 GAAP results pursuant to SFAS 123(R) and acquisition related charges of $0.05. Net of taxes, these charges totaled $0.07. |
1 See “Use of Non-GAAP Financial Information” and “Reconciliation of Supplemental Financial Information” below for more information regarding Check Point’s use of non-GAAP measures.
2 “Equity based compensation expenses” refer to the amortized fair value of all equity based awards granted to employees. “Acquisition related charges” refer to the impact of the amortization of intangible assets and other acquisition related expenses.
| — | Earnings per Diluted Share – Non GAAP: $0.41, an increase of 21 percent compared to $0.34 in the third quarter of 2006. Non-GAAP EPS excludes equity-based compensation expenses and acquisition related charges. |
| — | Deferred Revenues: $227.2 million represented an increase of $53.8 million or a 31 percent increase compared to deferred revenues as of September 30, 2006. |
| — | Cash Flow: cash flow from operations was $88.8 million, an increase of 18 percent compared to the third quarter of 2006. |
| — | Share Repurchase Program: during the third quarter of 2007, Check Point repurchased 1.8 million shares at a total cost of $42.3 million. |
Recent Business Highlights Include:
| — | Increasing number of large transactions – We continued to see growth in the number of large transactions originating from a variety of industries, and across all geographies. Transactions greater than $50 thousand accounted for 40% of total order value. This quarter, we had 15 transactions larger than one million dollars including customers from the world’s largest financial institutions, consumer goods manufacturers, telecommunication companies and government agencies. |
| — | Third Quarter Geographical Revenue Distribution – Remained consistent with the second quarter, with the Americas representing 47% of revenue, with EMEA contributing 42%, and Asia Pacific and Japan contributing the remaining 11% of revenue for the quarter. |
| — | Leadership Recognized in Gartner’s 2007 Magic Quadrant – Gartner, Inc. announced Check Point’s leadership position in the 2007 “Magic Quadrant for Mobile Data Protection 2007" report. This evaluation is a validation of Check Point’s continuing success and commitment to securing sensitive information. Check Point offers businesses complete, industry-proven solutions that deploy quickly and easily to protect all sensitive data. |
| — | Awarded New Government Security Certification – Certification in FIPS 140-2 for Pointsec Protector and the cryptography module utilized in Pointsec PC and Pointsec Mobile further establishes Check Point as a leading provider of data security solutions. The FIPS 140-2 standard ranks among the most difficult to achieve and is required before any encryption products can be offered to government entities. |
| — | Key Partner and Customer Events – During the third quarter we hosted two of our annual Check Point Experience Events in Asia Pacific and Europe in which we shared our vision and solutions with key customers and partners. We’ve seen over a 30% increase in the number of attendees in our European conference. |
Mr. Shwed continued, “The third quarter of 2007 underscores the success we have experienced so far this year. We continue to be pleased with the performance of our data security business as we continue to lead this new and emerging market. Our core network security business is tracking better than our original expectations, driven largely by the success of our UTM-1 appliance products and Unified Security Architecture.”
Recent Changes in Check
Point’s Financial Reporting
We have updated our financial
statement reporting in accordance with the latest reporting standards. We now
combine the Software Subscription line with the services line and it is now called
Software updates, maintenance and services. We also split the Cost of revenues line in
order to present Cost of products and licenses, cost of software updates, maintenance and
services and Amortization of technology separately.
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 net income, operating income and earnings per share, which are
adjustments from results based on GAAP to exclude non-cash equity-based compensation
charges in accordance with SFAS 123R and acquisition related charges. Check Point’s
management 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. Management uses both GAAP and non-GAAP information in
evaluating and operating business internally and as such has determined that it is
important to provide this information to investors.
Conference Call and
Webcast Information
Check Point will host a conference
call with the investment community on October 22, 2007 at 8:30 AM ET/5:30 AM PT. To listen
to the live webcast, please visit Check Point’s website at
http://www.checkpoint.com/ir. A replay of the conference call will be available
through November 5, 2007 at the company’s website http://www.checkpoint.com/ir
or by telephone at (973) 341-3080, pass code 9308086.
About Check Point
Software Technologies Ltd.
Check Point Software Technologies
Ltd. (www.checkpoint.com) is a leader in securing the Internet. The company is a
market leader in the worldwide enterprise firewall, personal firewall, data security and
VPN markets. Check Point’s PURE focus is on IT security with its extensive
portfolio of network security, data security and security management solutions. Through
its NGX platform, Check Point delivers a unified security architecture for a broad range
of security solutions to protect business communications and resources for corporate
networks and applications, remote employees, branch offices and partner extranets. The
company also offers market leading data security solutions through the Pointsec product
line, protecting and encrypting sensitive corporate information stored on PCs and other
mobile computing devices. Check Point’s award-winning ZoneAlarm Internet Security
Suite and additional consumer security solutions protect millions of consumer PCs from
hackers, spyware and data theft. Extending the power of the Check Point solution is its
Open Platform for Security (OPSEC), the industry’s framework and alliance for
integration and interoperability with “best-of-breed” solutions from hundreds of
leading companies. Check Point solutions are sold, integrated and serviced by a network of
Check Point partners around the world and its customers include 100 percent of Fortune 100
companies and tens of thousands of businesses and organizations of all sizes.
©2003–2007 Check Point Software Technologies Ltd. All rights reserved. Check Point, AlertAdvisor, Application Intelligence, Check Point Express, Check Point Express CI, the Check Point logo, Check Point Pointsec Protector, ClusterXL, Confidence Indexing, ConnectControl, Connectra, Connectra Accelerator Card, Cooperative Enforcement, Cooperative Security Alliance, CoSa, DefenseNet, Dynamic Shielding Architecture, Eventia, Eventia Analyzer, Eventia Reporter, Eventia Suite, FireWall-1, FireWall-1 GX, FireWall-1 SecureServer, FloodGate-1, Hacker ID, Hybrid Detection Engine, IMsecure, INSPECT, INSPECT XL, Integrity, Integrity Clientless Security, Integrity SecureClient, InterSpect, IPS-1, IQ Engine, MailSafe, NG, NGX, Open Security Extension, OPSEC, OSFirewall, Pointsec, Pointsec Mobile, Policy Lifecycle Management, Provider-1, Safe@Home, Safe@Office, SecureClient, SecureClient Mobile, SecureKnowledge, SecurePlatform, SecurePlatform Pro, SecuRemote, SecureServer, SecureUpdate, SecureXL, SecureXL Turbocard, Sentivist, SiteManager-1, SmartCenter, SmartCenter Express, SmartCenter Power, SmartCenter Pro, SmartCenter UTM, SmartConsole, SmartDashboard, SmartDefense, SmartDefense Advisor, Smarter Security, SmartLSM, SmartMap, SmartPortal, SmartUpdate, SmartView, SmartView Monitor, SmartView Reporter, SmartView Status, SmartViewTracker, SofaWare, SSL Network Extender, Stateful Clustering, TrueVector, Turbocard, UAM, UserAuthority, User-to-Address Mapping, UTM-1, VPN-1, VPN-1 Accelerator Card, VPN-1 Edge, VPN-1 Express, VPN-1 Express CI, VPN-1 Power, VPN-1 Power VSX, VPN-1 Pro, VPN-1 SecureClient, VPN-1 SecuRemote, VPN-1 SecureServer, VPN-1 UTM, VPN-1 UTM Edge, VPN-1 VSX, Web Intelligence, ZoneAlarm, ZoneAlarm Anti-Spyware, ZoneAlarm Antivirus, ZoneAlarm Internet Security Suite, ZoneAlarm Pro, ZoneAlarm Secure Wireless Router, Zone Labs, and the Zone Labs logo are trademarks or registered trademarks of Check Point Software Technologies Ltd. or its affiliates. ZoneAlarm is a Check Point Software Technologies, Inc. Company. 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, 5,835,726, 5,987,611, 6,496,935, 6,873,988, 6,850,943, and 7,165,076 and may be protected by other U.S. Patents, foreign patents, or pending applications.
CHECK POINT SOFTWARE TECHNOLOGIES LTD.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share amounts)
| Three Months Ended |
Nine Months Ended |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September 30, |
September 30, |
|||||||||||||
| 2007 |
2006 |
2007 |
2006 | |||||||||||
| (unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||
| Revenues: | ||||||||||||||
| Products and licenses | $ | 76,890 | $ | 58,787 | $ | 216,256 | $ | 172,098 | ||||||
| Software updates, maintenance and services | 107,122 | 83,731 | 307,917 | 242,948 | ||||||||||
| Total revenues | 184,012 | 142,518 | 524,173 | 415,046 | ||||||||||
| Operating expenses: | ||||||||||||||
| Cost of products and licenses | 8,511 | 3,579 | 20,498 | 9,399 | ||||||||||
| Cost of software updates, maintenance and services | 6,249 | 4,485 | 17,606 | 12,912 | ||||||||||
| Amortization of technology | 7,154 | 1,353 | 20,570 | 4,061 | ||||||||||
| Total cost of revenues | 21,914 | 9,417 | 58,674 | 26,372 | ||||||||||
| Research and development | 19,885 | 14,266 | 59,528 | 46,460 | ||||||||||
| Selling and marketing | 52,515 | 38,013 | 159,853 | 114,092 | ||||||||||
| General and administrative | 12,038 | 10,383 | 37,759 | 32,937 | ||||||||||
| Acquired in process research and development | - | - | 17,000 | - | ||||||||||
| Total operating expenses | 106,352 | 72,079 | 332,814 | 219,861 | ||||||||||
| Operating income | 77,660 | 70,439 | 191,359 | 195,185 | ||||||||||
| Financial income, net | 11,569 | 15,595 | 36,282 | 47,321 | ||||||||||
| Income before income taxes | 89,229 | 86,034 | 227,641 | 242,506 | ||||||||||
| Taxes on income | 12,491 | 14,897 | 34,494 | 44,020 | ||||||||||
| Net income | $ | 76,738 | $ | 71,137 | $ | 193,147 | $ | 198,486 | ||||||
| Earnings per share (basic) | $ | 0.35 | $ | 0.31 | $ | 0.86 | $ | 0.83 | ||||||
| Number of shares used in computing earnings per share (basic) | 221,893 | 231,008 | 223,361 | 238,458 | ||||||||||
| Earnings per share (diluted) | $ | 0.34 | $ | 0.31 | $ | 0.85 | $ | 0.83 | ||||||
| Number of shares used in computing earnings per share (diluted) | 224,974 | 231,656 | 226,266 | 239,327 | ||||||||||
CHECK POINT SOFTWARE TECHNOLOGIES LTD.
RECONCILIATION OF SUPPLEMENTAL FINANCIAL INFORMATION
(In thousands, except per share amounts)
| Three Months Ended |
Nine Months Ended |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September 30, |
September 30, |
|||||||||||||
| 2007 |
2006 |
2007 |
2006 | |||||||||||
| (unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||
| GAAP operating income | $ | 77,660 | $ | 70,439 | $ | 191,359 | $ | 195,185 | ||||||
| Stock-based compensation (1) | 8,299 | 6,473 | 25,225 | 27,388 | ||||||||||
| Amortization of intangible assets and acquisition related expenses (2) | 10,338 | 1,504 | 29,639 | 5,441 | ||||||||||
| Acquired in process research and development | - | - | 17,000 | - | ||||||||||
| Non-GAAP operating income | 96,297 | $ | 78,416 | $ | 263,223 | $ | 228,014 | |||||||
| GAAP net income | $ | 76,738 | $ | 71,137 | $ | 193,147 | $ | 198,486 | ||||||
| Stock-based compensation (1) | 8,299 | 6,473 | 25,225 | 27,388 | ||||||||||
| Amortization of intangible assets and acquisition related expenses (2) | 10,338 | 1,504 | 29,639 | 5,441 | ||||||||||
| Acquired in process research and development | - | - | 17,000 | - | ||||||||||
| Taxes on stock-based compensation and amortization of intangible | ||||||||||||||
| assets and acquisition related expenses (3) | (3,438 | ) | (542 | ) | (8,782 | ) | (1,625 | ) | ||||||
| Non-GAAP net income | $ | 91,937 | $ | 78,572 | $ | 256,229 | $ | 229,690 | ||||||
| GAAP Earnings per share (diluted) | $ | 0.34 | $ | 0.31 | $ | 0.85 | $ | 0.83 | ||||||
| Stock-based compensation (1) | 0.04 | 0.03 | 0.11 | 0.11 | ||||||||||
| Amortization of intangible assets and acquisition related expenses (2) | 0.05 | 0.00 | 0.14 | 0.02 | ||||||||||
| Acquired in process research and development | 0.00 | 0.00 | 0.07 | 0.00 | ||||||||||
| Taxes on stock-based compensation and amortization of intangible | ||||||||||||||
| assets and acquisition related expenses (3) | (0.02 | ) | 0.00 | (0.04 | ) | (0.00 | ) | |||||||
| Non-GAAP Earnings per share (diluted) | $ | 0.41 | $ | 0.34 | $ | 1.13 | $ | 0.96 | ||||||
| Number of shares used in computing Non-GAAP earnings per share | ||||||||||||||
| (diluted) | 224,974 | 231,656 | 226,266 | 239,327 | ||||||||||
| (1) Stock-based compensation: | ||||||||||||||
| Cost of revenues | $ | 188 | $ | 88 | $ | 522 | $ | 257 | ||||||
| Research and development | 1,225 | 909 | 3,295 | 7,426 | ||||||||||
| Selling and marketing | 2,459 | 966 | 6,807 | 5,782 | ||||||||||
| General and administrative | 4,427 | 4,510 | 14,601 | 13,923 | ||||||||||
| Total before taxes | $ | 8,299 | $ | 6,473 | $ | 25,225 | $ | 27,388 | ||||||
| (2) Amortization of intangible assets and acquisition related | ||||||||||||||
| expenses: | ||||||||||||||
| Cost of revenues | $ | 7,154 | $ | 1,353 | $ | 20,570 | $ | 4,061 | ||||||
| Selling and marketing | 3,184 | 151 | 9,069 | 453 | ||||||||||
| General and administrative | - | - | - | 927 | ||||||||||
| Total before taxes | 10,338 | 1,504 | 29,639 | 5,441 | ||||||||||
| (3) Taxes on stock-based compensation and amortization of | ||||||||||||||
| intangible assets and acquisition related expenses | (3,438 | ) | (542 | ) | (8,782 | ) | (1,625 | ) | ||||||
| Total, net | $ | 15,199 | $ | 7,435 | $ | 46,082 | $ | 31,204 | ||||||
CHECK POINT SOFTWARE TECHNOLOGIES LTD.
CONDENSED CONSOLIDATED BALANCE SHEET DATA
(In thousands)
ASSETS
| September 30, 2007 |
December 31, 2006 | |||||||
|---|---|---|---|---|---|---|---|---|
| (unaudited) | (unaudited) | |||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 327,803 | $ | 519,443 | ||||
| Marketable securities | 394,662 | 571,621 | ||||||
| Trade receivables, net | 130,264 | 141,881 | ||||||
| Other receivables and prepaid expenses | 23,950 | 22,408 | ||||||
| Total current assets | 876,679 | 1,255,353 | ||||||
| Long-term assets: | ||||||||
| Marketable securities | 482,364 | 558,874 | ||||||
| Property, plant and equipment, net | 56,853 | 47,192 | ||||||
| Intangible assets, net | 170,471 | 23,117 | ||||||
| Goodwill | 657,009 | 182,115 | ||||||
| Deferred income taxes, net | 4,806 | 6,977 | ||||||
| Other assets | 681 | 534 | ||||||
| Total long-term assets | 1,372,184 | 818,809 | ||||||
| Total assets | $ | 2,248,863 | $ | 2,074,162 | ||||
LIABILITIES AND
SHAREHOLDERS' EQUITY
| Current liabilities: | ||||||||
| Deferred revenues | $ | 227,156 | $ | 204,149 | ||||
| Trade payables and other accrued liabilities | 171,327 | 153,900 | ||||||
| Total current liabilities | 398,483 | 358,049 | ||||||
| Deferred tax liability, net | 33,775 | - | ||||||
| Accrued severance pay, net | 5,360 | 4,580 | ||||||
| Minority | 447 | - | ||||||
| Total liabilities | 438,065 | 362,629 | ||||||
| Shareholders' equity: | ||||||||
| Share capital | 774 | 774 | ||||||
| Additional paid-in capital | 448,653 | 422,381 | ||||||
| Treasury shares at cost | (848,752 | ) | (728,909 | ) | ||||
| Accumulated other comprehensive loss | (1,458 | ) | (6,293 | ) | ||||
| Retained earnings | 2,211,581 | 2,023,580 | ||||||
| Total shareholders' equity | 1,810,798 | 1,711,533 | ||||||
| Total liabilities and shareholders' equity | $ | 2,248,863 | $ | 2,074,162 | ||||
| Total cash and cash equivalents and marketable securities | 1,204,829 | 1,649,938 | ||||||
CHECK POINT SOFTWARE TECHNOLOGIES LTD.
SELECTED CONSOLIDATED CASH FLOW DATA
(In thousands)
| Three Months Ended |
Nine Months Ended |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September 30, |
September 30, |
|||||||||||||
| 2007 |
2006 |
2007 |
2006 | |||||||||||
| (unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||
| Cash flow from operating activities: | ||||||||||||||
| Net income | $ | 76,738 | $ | 71,137 | $ | 193,147 | $ | 198,486 | ||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||
| Depreciation and amortization of property, plant and equipment | 1,602 | 1,501 | 4,546 | 4,246 | ||||||||||
| Decrease (increase) in trade and other receivables, net | 3,214 | (5,598 | ) | 43,845 | 37,286 | |||||||||
| Increase (decrease) in deferred revenues, trade payables | ||||||||||||||
| and other accrued liabilities | (3,878 | ) | (1,479 | ) | (17,221 | ) | 4,654 | |||||||
| Acquisition of in process research and development | - | - | 17,000 | - | ||||||||||
| Amortization of intangible assets | 10,338 | 1,504 | 29,639 | 4,514 | ||||||||||
| Stock-based compensation | 8,299 | 6,473 | 25,225 | 27,388 | ||||||||||
| Deferred income taxes, net | (7,467 | ) | 1,827 | (15,863 | ) | 3,980 | ||||||||
| Net cash provided by operating activities | 88,846 | 75,365 | 280,318 | 280,554 | ||||||||||
| Cash flow from investing activities: | ||||||||||||||
| Cash paid in conjunction with the acquisition of Protect Data, net | (214 | ) | - | (594,508 | ) | - | ||||||||
| Investment in property, plant and equipment | (2,652 | ) | (1,905 | ) | (12,638 | ) | (41,915 | ) | ||||||
| Net cash used in investing activities | (2,866 | ) | (1,905 | ) | (607,146 | ) | (41,915 | ) | ||||||
| Cash flow from financing activities: | ||||||||||||||
| Proceeds from issuance of shares upon exercise of options | 7,954 | 6,111 | 22,889 | 46,559 | ||||||||||
| Purchase of treasury shares | (42,272 | ) | (201,440 | ) | (147,899 | ) | (403,798 | ) | ||||||
| Tax benefit related to exercise of stock options | - | - | - | 3,450 | ||||||||||
| Net cash used in financing activities | (34,318 | ) | (195,329 | ) | (125,010 | ) | (353,789 | ) | ||||||
| Unrealized gain on marketable securities, net | 2,991 | 7,852 | 6,729 | 1,857 | ||||||||||
| Increase (decrease) in cash and cash equivalents, | ||||||||||||||
| deposits and marketable securities | 54,653 | (114,017 | ) | (445,109 | ) | (113,293 | ) | |||||||
| Cash and cash equivalents and marketable securities at the beginning of the period | 1,150,176 | 1,726,067 | 1,649,938 | 1,725,343 | ||||||||||
| Cash and cash equivalents and marketable securities at the end of the period | 1,204,829 | 1,612,050 | 1,204,829 | 1,612,050 | ||||||||||
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| CHECK POINT SOFTWARE TECHNOLOGIES LTD. By: /s/ Eyal Desheh —————————————— Eyal Desheh Executive Vice President & Chief Financial Officer |
October 22, 2007