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Check Point Software Technologies .(CHKP) - 2023 Q2 - Earnings Call Transcript

We're watching very, very carefully to see whether it's a kind of a loss or a refresh. And that's why we see the trend between the renewal and the refresh. So we are seeing that the retention rate of customers that we have is strong. The renewal rate is actually stronger because in our model we calculate that X percent of customers want renewal and instead refresh. And what we see is the phenomena when less refresh, more renew. So we see that phenomena. And again, some of it is identified opportunity. I can ...