Check Point Software Technologies Ltd. Announces Preliminary Results for First Quarter 2002.

Business Editors

REDWOOD CITY, Calif.--(BUSINESS WIRE)--April 4, 2002

Check Point Software Technologies Ltd. (Nasdaq:CHKP), the worldwide leader in securing the Internet, today announced preliminary results for the first quarter ended March 31, 2002. Revenues for the quarter are expected to be $104-105 million with earnings per share (diluted) of $0.24-0.25. The balance sheet is expected to be strong, with good cash flow.

"We experienced weaker than anticipated revenues in the first quarter due to the continued depressed Information Technology (IT) spending environment," said Gil Shwed, chairman and chief executive officer of Check Point Software Technologies. "Check Point and our partners continued to experience strong interest in all areas of our business. However, in the enterprise market this increased level of activity did not translate into our expected level of business in March, as businesses continued to carefully control their spending. We did make nice headway into our new market segments -- the low end market and the wireless infrastructure market, and shipped more than 3,600 of our new S-box low end appliances" added Shwed.

"We are very proud of our team's ability to generate strong earnings and quality results in current times. While visibility remains low -- we believe that the high level of activity in the security and VPN markets and our leading technologies, products, people and partners will enable Check Point to expand its market leadership."

A conference call to discuss these results will be held today at 8:45 AM ET / 5:45 AM PT.

A live webcast of the call will be available at www.checkpoint.com/ir. A replay of the call will run through April 23 via webcast at www.checkpoint.com/ir and telephone at xxxx.

Check Point Software will report its first quarter financial results after the market closes on April 23, 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 confirmed 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.

Safe Harbor Statement

Certain statements in this press release, such as the expected results for the first quarter, are forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results could differ materially from Check Point's current expectations. Factors that could cause or contribute to such differences include, but are not limited to: the impact on revenues of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; the inclusion of network security functionality in third-party hardware or system software; any unforeseen developmental or technological difficulties with regard to Check Point's products; changes in the competitive landscape, including new competitors or the impact of competitive pricing and products; a shift in demand for products such as Check Point's; unknown factors affecting third parties with whom Check Point has formed business alliances; timely availability and customer acceptance of Check Point's new and existing products, and other factors and risks discussed in Check Point's Report on Form 20-F for the year ended December 31, 2001, which is on file with the Securities and Exchange Commission. Check Point assumes no obligation to update information concerning its expectations.

Note to Editors: (c)2001 Check Point Software Technologies Ltd. All rights reserved. Check Point, the Check Point logo, FireWall-1, FireWall-1 SecureServer, FloodGate-1, INSPECT, IQ Engine, MetaInfo, Meta IP, Open Security Extension, OPSEC, Provider-1, SecureKnowledge, SiteManager, SVN, UAM, UserAuthority, VPN-1, VPN-1 Accelerator Card, VPN-1 Appliance, VPN-1 Certificate Manager, VPN-1 Gateway, VPN-1 SecureClient, VPN-1 SecuRemote, VPN-1 SecureServer and ConnectControl are trademarks or registered trademarks of Check Point Software Technologies Ltd. or its affiliates. All other product names mentioned herein are trademarks or registered trademarks of their respective owners. The products described in this document are protected by U.S. Patent No. 5,606,668 and 5,835,726 and may be protected by other U.S. Patents, foreign patents, or pending applications. Internet Security Systems, RealSecure, SAFEsuite and ePatrol are trademarks of Internet Security Systems, Inc. and ISS Group, Inc.