Check Point Software Technologies Ltd. Achieves Q3 Targets

Quarterly Earnings Release Scheduled for October 17

REDWOOD CITY, Calif., October 2, 2002 – Check Point Software Technologies Ltd. (Nasdaq: CHKP), the worldwide leader in securing the Internet, today announced preliminary results for the third quarter ended September 30, 2002. Consistent with prior guidance, the Company expects to report revenues of $103 to $104 million, earnings per share of $0.25 and deferred revenues at the same level as last quarter.

“In accordance with our tradition of making full and prompt disclosure to investors, we decided to make an announcement in advance of publication of the full financial results for the quarter,” said Gil Shwed, chairman and chief executive officer of Check Point. “We want to reaffirm to investors that our earnings are going to be in line with our prior indications. We are very proud of our team’s ability to generate strong earnings and quality results in the current economic environment. In the third quarter, we continued to strengthen our position as the Internet security market leader and to win key customer accounts. I would like to invite our investors to participate in the conference call on October 17, 2002 relating to our full Q3 earnings announcement.”

Check Point Software will report its full financial results for the third quarter after the market closes on October 17, 2002. A conference call to discuss these results will be held the same day at 2:00 PM PT/5:00 PM ET. For more information, please visit www.checkpoint.com/ir

About Check Point Software Technologies
Check Point Software Technologies is the worldwide leader in securing the Internet. It is the market leader of both the worldwide VPN and firewall markets. The company’s Secure Virtual Network (SVN) architecture provides the VPN and security infrastructure that uniquely enables secure and reliable Internet communications. SVN solutions, as delivered in the company’s Next Generation product family, secure business communications and resources for corporate networks, remote employees, branch offices and partner extranets. Extending the power of SVN is Check Point’s Open Platform for Security (OPSEC), the industry’s framework and alliance for integration and interoperability with “best-of-breed” solutions from over 300 leading companies. Check Point solutions are sold, integrated and serviced by a network of 2,000 certified partners in 203 countries. For more information, please call us at (800) 429-4391 or (650) 628-2000 or visit us on the Web at http://www.checkpoint.com or at http://www.opsec.com.




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