Check Point Software Technologies beat estimates with a 2 per cent gain in second-quarter profit, boosted by double-digit growth in revenue from products and subscriptions to protect cloud and other networks from escalating cyber attacks.

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"The demand for cyber has remained healthy in the last year, and I hope it will stay that way," Chief Executive Gil Shwed told reporters.

Still, he cautioned that there are many uncertainties moving forward due to global economic softness and supply chain issues that have boosted its costs and weighed on its business. But "we remain quite positive," Shwed later told analysts.

Check Point shares, which have risen 7 per cent this year, opened down 4.1 per cent at $119.46.

Israel-based Check Point projected third-quarter revenue of $555-$585 million and adjusted earnings per share of $1.60-$1.72. The company was forecast to post EPS ex-items of $1.71 on revenue of $566.2 million, according to I/B/E/S data from Refinitiv.

Check Point said on Monday that in the April to June period, it earned $1.64 per diluted share excluding one-off items, up from $1.61 a year earlier. Revenue grew 9 per cent to $571 million. It had been forecast to earn $1.62 a share on revenue of $560 million.