Check Point Software Technologies Ltd. Reports Record Financial Results for the First Quarter 2001.

      Business Editors/High-Tech Writers

      REDWOOD CITY, Calif.--(BUSINESS WIRE)--April 24, 2001--"Check
Point(TM) Software Technologies Ltd. (Nasdaq:CHKP), the worldwide
leader in securing the Internet, today announced record financial
results for the first quarter ended March 31, 2001.
      Net income for the quarter was $83.7 million or $0.32 per share
(diluted), an increase of 140% and 141% respectively over the same
period last year. Revenues for the quarter were $145.0 million, an
increase of 86% over the first quarter of last year.
      Balance sheet performance continued to be strong, with deferred
revenues growing $2.2 million in the quarter and $51.0 million from
the first quarter of last year to total $123.4 million.
      During the first quarter, the company generated positive cash flow
of $108.6 million, bringing the total cash and interest bearing
investments to $764.5 million as of March 31, 2001. Days Sales
Outstanding (DSO) were 53 days compared to 54 for the same period last
year.
      "We delivered record results in challenging market conditions,
demonstrating the importance of Internet security," said Gil Shwed,
chief executive officer and founder of Check Point Software
Technologies. "In today's markets, customers are looking for solutions
that enable dependable, fast and secure connectivity that help them
reduce operating costs," added Shwed.

      Recent Highlights Include:

--  Next Generation Internet Security - Began launching the next major
    version of the companys' products, highlighting the Security
    Dashboard that delivers a new level of management and integration
    of security for enterprise-wide and telco based solutions.

--  SecureXL Performance Architecture - we made available the next
    generation performance architecture that accelerates VPN and
    firewall operations to record levels. This includes partnerships
    with Nokia, Broadcom, Intel, Compaq, Intrusion.com, RapidStream
    and others.  We began shipping the VPN-1 Accelerator II, a sub
    $1,000 device with over a 300mbps 3DES encryption engine and
    demonstrated multi-gigabit firewall and VPN speeds.

--  Check Point Everywhere:

    --  Broadband Home Security - Through our subsidiary, SofaWare, we
        advanced our broadband Internet security solutions for the
        home through a partnership with Ericsson, integrating Check
        Point's security software into Ericsson cable modems and
        enabling an easy to use, out-of-the-box Internet security
        solution for the home.

    --  Small and Medium Businesses - Began shipping the small office
        edition of the VPN-1/FireWall-1 versions of the market leading
        security technology solution.

--  Internet Security Users and Technical Conference - held it's
    second annual Internet security users and technical conference -
    the Check Point Experience - in Nashville Tennessee with record
    attendance of over 1,000 of the industry's leading security
    experts and customers.

      "As we look to the quarters ahead, we're excited to unveil and
deliver the Next Generation (NG) VPN and firewall solutions which
advances customer's abilities to use the Internet and conduct
e-Business securely," continued Mr. Shwed. "Check Point NG focuses on
meeting customer needs for scalable, dependable, fast and secure
internet connectivity."

      Conference Call Information

      The Company will host a conference call with the investment
community at 7:00 AM PT/10:00 AM ET. For information on the LIVE
webcast and audio replay of the call, please visit Check Point's web
site at http://www.checkpoint.com/ir. A replay of the conference call
will be available through Tuesday, May 8, 2001, at the Company's
website or by telephone at [phone], confirmation code 603723.

      Safe Harbor Statement

      Statements in this press release that are not purely historical
are forward-looking statements, including any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Because such statements deal with future events, they are subject to
various risks and uncertainties and actual results could differ
materially from the company's current expectations. Factors that could
cause or contribute to such differences include, but are not limited
to: the impact on revenues of economic uncertainties and weaknesses in
geographic regions of the world; the inclusion of network security
functionality in third-party hardware or system software; any
unforeseen developmental or technological difficulties with regard to
our products; changes in the competitive landscape including new
competitors and/or the impact of competitive pricing and products; a
shift in demand for products such as ours; unknown factors effecting
the third parties with whom we have formed business alliances; timely
availability and customer acceptance of new and existing products, and
other factors and risks discussed in our Report on Form 20-F for the
year ended December 31, 1999, which has been filed with the Securities
and Exchange Commission. The company assumes no obligation to update
information concerning its expectations.

      About Check Point Software Technologies

      Check Point Software Technologies is the worldwide leader in
securing the Internet. The company's Secure Virtual Network (SVN)
architecture provides the infrastructure that enables secure and
reliable Internet communications. SVN secures business-to-business
(B2B) communications between networks, systems, applications and users
across the Internet, Intranets and extranets. Check Point's Open
Platform for Security (OPSEC) provides the framework for integration
and interoperability with "best-of-breed" solutions from over 270
leading industry partners. Check Point solutions are sold, integrated
and serviced by a network of over 1500 certified partners. For more
information, please call us at [phone] or [phone] or
visit us on the Web at http://www.checkpoint.com or at
http://www.opsec.com.

      Check Point Software Technologies Ltd. All rights reserved. Check
Point, the Check Point logo, FireWall-1, FloodGate-1, INSPECT, IQ
Engine, Meta IP, Open Security Extension, OPSEC, Provider-1,
User-to-Address Mapping, VPN-1, VPN-1 Accelerator Card, VPN-1
Appliance, VPN-1 Certificate Manager, VPN-1 Gateway, VPN-1 SecuRemote,
VPN-1 SecureServer, Secure Virtual Network 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.

-0-
*T

               CHECK POINT SOFTWARE TECHNOLOGIES LTD.
           CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

               (In thousands, except per share amount)

                                            Three Months Ended
                                                 March 31,
                                            2001           2000
                                                (unaudited)

Net revenues                              $145,010        $78,166
Cost of revenues                            10,078          7,644
Gross profit                               134,932         70,522

Operating expenses:
Research and development, net                9,320          6,175
Sales and marketing                         30,382         24,218
General and administrative                   6,538          5,199
Total operating expenses                    46,240         35,592

Operating income                            88,692         34,930
Financial income, net                       10,101          5,494
Income before income taxes                  98,793         40,424
Income taxes                                15,115          5,545

Net income                                  83,678         34,879

Earnings per share (Basic)                   $0.35          $0.15
Number of shares used in computing
  earnings per share (Basic)               236,357        230,256

Earnings per share (Fully diluted)           $0.32          $0.13
Number of shares used in computing
  earnings per share (Fully diluted)       261,779        262,941



                 CHECK POINT SOFTWARE TECHNOLOGIES LTD.
               SELECTED CONSOLIDATED BALANCE SHEET DATA

                            (In thousands)

                                ASSETS

                                           March 31,    December 31,
                                             2001           2000
                                          (unaudited)    (audited)

Current assets:
Cash & cash equivalents, short
  term deposits and marketable
  securities(a)                            $486,318       $438,390
Trade receivables, net                       86,597         84,381
Other receivables and prepaid expenses       22,356         17,637
Total current assets                        595,271        540,408

Long term investments in marketable
  securities and bank deposits(a)           278,210        217,562
Other investments and long term
  prepaid expenses                            2,371          2,512
Net property and equipment                   12,554         11,638

Deferred income taxes                         5,618          5,519

Total assets                               $894,024       $777,639


(a) Total cash and cash equivalents
     and other interest bearing
     investments                           $764,528       $655,952


                              LIABILITIES AND
                            SHAREHOLDERS' EQUITY

Deferred revenues                          $123,375       $121,202
Trade payables and other
  accrued liabilities                       120,156        107,154
Total liabilities                           243,531        228,356

Share capital                                   727            482
Additional paid-in capital                   99,079         87,104
Capital fund                                 20,752         15,440
Retained earnings                           529,935        446,257
Total shareholders' equity                  650,493        549,283
Total liabilities and shareholders
  equity                                   $894,024       $777,639

      --30--crd/sf*

    CONTACT: Check Point Software Technologies
             Janine Zanelli, 650/628-2040 (Investor Relations)
             [e-mail]
             Rebecca Judd, 650/628-2060 (Media Relations)
             [e-mail]

    KEYWORD: CALIFORNIA
    INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS NETWORKING INTERNET
SOFTWARE EARNINGS