Check Point Software Technologies Ltd (CHKP) Q4 2019 Earnings Call Transcript

Check Point Software Technologies Ltd (CHKP) Q4 2019 Earnings Call Transcript

I'd like to thank all of you for joining us today to discuss Check Point's 2019 fourth Quarter and full year financial results.. Good morning and good afternoon to everyone joining us on the call today.. I'm pleased to begin the review of the fourth quarter and the full year.. The growth in our subscription revenues is driven mainly by our CloudGuard business and Infinity deals, we generated double digit and triple digit revenue growth respectively.. Revenue distribution by geography for the quarter was as follows; 44% of revenues came from the Americas; 45% of revenues came from Europe, Middle East and Africa regions.. Middle East and Africa region are part of Europe, Middle East and Africa, which before it was part of Asia-Pacific, Middle East and Africa region.. The revenue distribution by geography for Q4 last year, after the reclassification, would have been 45% of revenues came from Americas, 44% of revenues came from Europe, Middle East and Africa region; and the remaining 11% came from Asia Pacific.. Non-GAAP net income for the quarter was $299 million or $2.02 per diluted share, an increase of 21% from the fourth quarter of 2018.. Now let's take a look into the