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CLOUD • MOBILE • THREAT PREVENTION ☑Check Point SOFTWARE TECHNOLOGIES LTD . Investors : Kip E. Meintzer Check Point Software Technologies +1.650.628.2040 ir@checkpoint.com WELCOME TO THE FUTURE OF CYBER SECURITY Media : Gil Messing Check Point Software Technologies +1.650.628.2260 press@checkpoint.com CHECK POINT SOFTWARE TECHNOLOGIES REPORTS 2021 FIRST QUARTER FINANCIAL RESULTS SAN CARLOS , CA - April 26 , 2021 - Check Point® Software Technologies Ltd. ( NASDAQ : CHKP ) , today announced its financial results for the quarter ended March 31st , 2021 . First Quarter 2021 : Total Revenues : $ 508 million , a 4 percent increase year over year • Deferred Revenues : $ 1,458 million , an 8 percent increase year over year • • • GAAP Operating Income : $ 215 million , representing 42 percent of revenues Non - GAAP Operating Income : $ 246 million , representing 49 percent of revenues GAAP EPS : $ 1.33 , an 8 percent increase year over year Non - GAAP EPS : $ 1.54 , a 9 percent increase year over year " We are pleased with our first quarter 2021 financial results . Revenues and non - GAAP earnings per share were toward the high - end of our guidance with CloudGuard bolstering this success with nice double - digit growth , ” said Gil Shwed , Founder and CEO of Check Point Software Technologies . “ The cyber threat landscape is reaching new levels of risk and requires a holistic security architecture to prevent the next cyber pandemic . Our Infinity architecture can uniquely address these needs and consolidate security for the user , the network and the cloud to prevent Gen V cyber - attacks . " Financial Highlights for the First Quarter of 2021 • • Total Revenues : $ 508 million compared to $ 486 million in the first quarter of 2020 , a 4 percent increase year over year . GAAP Operating Income : $ 215 million compared to $ 201 million in the first quarter of 2020 , representing 42 percent and 41 percent of revenues in the first quarter of 2021 and 2020 , respectively . Non - GAAP Operating Income : $ 246 million compared to $ 231 million in the first quarter of 2020 , representing 49 percent and 48 percent of revenues in the first quarter of 2021 and 2020 , respectively . GAAP Net Income & Earnings per Diluted share : GAAP net income was $ 183 million compared to $ 179 million in the first quarter of 2020. GAAP earnings per diluted share were $ 1.33 compared to $ 1.23 in the first quarter of 2020 , an 8 percent increase year over year . Non - GAAP Net Income & Earnings per Diluted share : Non - GAAP net income was $ 211 million compared to $ 206 million in the first quarter of 2020. Non - GAAP earnings per diluted share were $ 1.54 compared to $ 1.42 in the first quarter of 2020 , a 9 percent increase year over year . Deferred Revenues : As of March 31 , 2021 , deferred revenues were $ 1,458 million compared to $ 1,349 million • as of March 31 , 2020 , an 8 percent increase year over year . • • • Cash Balances , Marketable Securities & Short Term Deposits : $ 4,063 million as of March 31 , 2021 , compared to $ 4,000 million as of December 31 , 2020 . Cash Flow : Cash flow from operations of $ 375 million compared to $ 359 million in the first quarter of 2020 . Share Repurchase Program : During the first quarter of 2021 , the company repurchased approximately 2.7 million shares at a total cost of approximately $ 325 million . For information regarding the non - GAAP financial measures discussed in this release , as well as a reconciliation of such non - GAAP financial measures to the most directly comparable GAAP financial measures , please see " Use of Non- GAAP Financial Information ” and “ Reconciliation of GAAP to Non - GAAP Financial Information . " © 2021 Check Point Software Technologies Ltd. All rights reserved | P. 1