Gil Shwed: I think there are several things that are new in the CloudGuard, CNAPP. The pipeline source security is new, the entitlement management is more new. There’s a lot of new capabilities and new technology and AI technology that drives the posture management into much more focused security results and security I mean, again, when you analyze the cloud infrastructure or any infrastructure, you see thousands of different issues. The point here is to take the important ones, highlight them and fix them. And I think our new technology with the CNAPP launch is part of that. In the workload protection, we had several new technologies in the last few months and that’s also helping. So clearly, we have a lot new in that package.
And last but not least, I don’t think it’s the newest technology, but it’s a very important one. It’s the web application protection that protects all the connection between application. This technology has proven to be one of the best technology to provide prevention, all the latest web vulnerabilities or cloud vulnerability with log for shell, web for shell, all these latest vulnerabilities that existed in the market place. Check Point was the only vendor that blocked them on zero day. There was a recent — by one of the a recent survey by one of the — actually this is — in the security marketplace that tested, I think, around 20 different web application security solution and say that they’re all vulnerable with these attack except one, which was Check Point.
I mean we basically said our industry can deal with it, except Check Point. So I mean, combining all of that, there’s a lot new here and there is a lot that I think the offer of combining all of them brings plenty of value to customers because I think no customer can take all these technologies and apply it to multi-cloud environment in an effective manner.
Patrick Colville: Thank you, Gil. Thank you, Kip.
Kip Meintzer: All right. Next up is Tal Liani/Tomer Zil. Tal Liani is here. All right, followed by Gray Powell from BTIG.
Tal Liani: Hi, Guys.
Kip Meintzer: Sorry to hear about your brother, Tal.
Tal Liani: Thank you. Life moves on, unfortunately. I had a question on kind of the correlation between historical orders and supply constraints and what we’re seeing now with products. And I’m trying to understand if you can take us through the history of — you had some — all the companies that you didn’t provided the data, but all the companies had some elevated orders in the past that were not — they were not able to ship because of supply constraints. So as we go into this year, we were — we thought that the product revenues of all companies will be safe for a quarter or two because now there are deliveries of supplies. So the question is, as we see today, the product declines despite some historical orders or backlog of orders, is it going to get worse in the next few quarters because of the environment because you’re running out of kind of backlog of historical orders? Or are we seeing now a reflection of the environment.
Gil Shwed: I believe I can, again, I don’t know, Roei, if you want to add, but I believe that we’ve been able to ship product all the quarters. I mean it’s not that we had a huge backlog that we can fulfill. Last Q1, by the way, we had one of the strongest quarters that we had in terms of driving new business. So the compare this quarter to last Q1 is a tough one. But still I think the comparable is fair. We are seeing a real change in the business environment. I want to be very clear on that. It’s the second quarter. It’s not the first quarter that we see that. And again I don’t think that we have any overhang in product supply. Unlike other vendors, we were able to supply pretty much all the orders that our customers expected us to ship every quarter.
