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    Patrick Edwin Colville • Scotiabank

    Patrick Edwin Colville's questions to Check Point Software Technologies Ltd (CHKP) leadership

    Patrick Edwin Colville's questions to Check Point Software Technologies Ltd (CHKP) leadership • Q4 2024

    Question

    Patrick Colville questioned the disconnect between the strong 12% RPO growth in fiscal 2024 and the more modest 6% revenue growth guided for fiscal 2025, asking for clarity on the guidance.

    Answer

    CFO Roei Golan explained that RPO (Remaining Performance Obligations) reflects the total contract value over multiple years, not just the next 12 months. He pointed to strong 9% growth in short-term billings as a better near-term indicator and expressed confidence in the guidance, suggesting the company hopes to finish near the high end.

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    Patrick Edwin Colville's questions to Check Point Software Technologies Ltd (CHKP) leadership • Q3 2024

    Question

    Patrick Colville of Scotiabank asked if the Q4 guidance implies a sustained re-acceleration in the product revenue line and requested the expected inorganic revenue contribution from the Cyberint acquisition in Q4.

    Answer

    CFO Roei Golan indicated they expect another good quarter for product revenue, supported by a strong appliance pipeline. However, he noted a risk that a significant portion is tied to Infinity deals, where revenue is recognized upon utilization, potentially shifting it to 2025. He also stated the Cyberint acquisition would contribute less than 1% of total revenues in Q4.

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