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CLAIM #66967 · Check Point Software Technologies Ltd (CHKP) · 2022Q4 earnings call · Feb 13, 2023 · due Dec 31, 2023

I expect SD-WAN to have a healthy contributing pipeline; however, rollouts take time as many branches are involved.

Gil Shwed · CEO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

Gil Shwed (CEO): You're correct, and I acknowledge your observations. We're shifting business from product sales to subscriptions, especially through Infinity and new product offerings. Although some competitors may show higher growth, we did see internal growth in certain aspects. Our plan is to accelerate this growth significantly, as we have the potential to reach a wider customer base. I expect SD-WAN to have a healthy contributing pipeline; however, rollouts take time as many branches are involved.

Verify independently

SEC filings for CHKP · Claim quote is verbatim from the 2022Q4 earnings call.