Check Point Software Technology (NASDAQ:CHKP) reported its Q4 results yesterday, with EPS of $2.45 beating the Street estimate of $2.36. Revenue was $638 million, slightly better than the Street estimate of $636.16 million.

While Q4 security subs revenue remained healthy and product more-or-less held up (with the benefit of pricing), billings were only up 2% year-over-year vs. Street estimate of 6%.

The company expects Q1 EPS to be in the range of $1.68-$1.78, compared to the Street estimate of $1.75. Revenue is expected in the range of $545-$585 million, compared to the Street estimate of $572 million.

Full-year EPS is expected to be in the range of $7.70-$8.30, compared to the Street estimate of $8.09.