Check Point, Precise Outperform Estimates
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RAMAT GAN, Israel -- Internet security software developer Check Point Software announced upbeat results for the first quarter of 2001 on Tuesday.
The company's performance beat expectations with a net income for the first quarter reaching $83.7 million, or $0.32 per share, a 140 percent increase.
Estimates had set net income at $0.29 per share.
Check Point revenues of $145 million, an increase of 86 percent over first quarter 2000.
Also on Tuesday, Precise Software Solutions reported results that bettered analyst estimates.
The company's first quarter net income was $29,000, or $0.00 per share, compared to a net loss of $2.1 million, or $0.62 per share, in the first quarter of 2000. Analysts had expected a $0.04 loss per share for the company.
Precise's revenues increased 155.6 percent to $11.5 million from the $4.5 million at the same period last year. Operating losses held steady at $2.1 million.
Based in Savyon, Israel, Precise develops performance management systems for corporate IT infrastructure.