Check Point Software Technologies Ltd reported Q2 FY23 revenue growth of 3% YoY to $588.7 million, missing consensus of $588.9 million. Non-GAAP EPS of $2.00 beat consensus of $1.89. Revenue from Products and licenses declined 12% YoY, Security subscriptions increased 14% YoY, and Software updates and maintenance grew 2.1% YoY. Non-GAAP operating margin increased by 100 basis points to 45%. The company generated $191 million in operating cash flow and held $3.5 billion in cash and equivalents. CHKP shares traded lower by 2.88% at $125.00 premarket.