Check Point Software (NASDAQ:CHKP) reported third-quarter revenue of $669.8 million, down 1% from a year ago, and shares fell about 6.3% in pre-market trading. Management believes revenue bottomed this quarter. But a $25 million R&D credit padded operating income, and falling product and maintenance sales still outrun subscription growth. A recovery needs subscriptions to grow faster than those lines shrink. Key Numbers What It Means
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