Israeli cybersecurity firm Verify Level Software program Applied sciences Ltd. (Nasdaq: CHKP) has opened the primary quarter 2025 reporting season for Israeli firms traded on Wall Avenue with outcomes above the analysts’ expectations.
Within the first quarter of 2025, which was the primary full quarter with Nadav Zafrir as CEO, after he succeeded Gil Shwed, the corporate’s income was $638 million, up 6.5% from the corresponding quarter of 2024.
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GAAP web revenue within the first quarter of 2025 was $191 million, up 3.8% from the primary quarter of 2024, and non-GAAP web revenue was $246 million, up 5% from the corresponding quarter. Earnings per share was $2.21, above the analysts’ forecast.
Within the first quarter of 2025, Verify Level generated money movement of $421 million from operations, up from $361 million within the corresponding quarter of 2024. On the finish of the primary quarter 2025, Verify Level had over $2.9 billion in money. Zafrir stated, “The primary quarter outcomes have offered a strong basis to increase upon as we progress by the yr. Robust demand for our Quantum Drive home equipment, fueled by refresh cycles and new tasks delivered double-digit year-over-year progress in merchandise and licenses revenues. The AI-driven Infinity Platform, that includes a Hybrid Mesh Structure, continues to resonate with prospects and delivered one other quarter of spectacular double-digit year-over-year progress.”
Verify Level is traded on Nasdaq with a market cap of $23 billion after rising by 13.7% for the reason that begin of 2025, bucking the downward market development.
Printed by Globes, Israel enterprise information – en.globes.co.il – on April 23, 2025.
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