SUNNYVALE, Calif., Nov. 11, 2024 (Korea Bizwire) – Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet “As we celebrate the 15th year anniversary of our IPO, we reflect on the leading role Fortinet has played in shaping the continued evolution of cybersecurity. Innovation has been in our DNA since our inception [...]
Highlights Total revenue up 13% year over year; service revenue up 19% year over year Billings1 and product revenue returns to growth Strong billings growth in Unified SASE and Security Operations Record GAAP operating margin of 31.2% Record Non-GAAP operating margin of 36.1%1 Cash flow from operations of $608 million; Free cash flow of $572 million1 [...]
Record quarterly GAAP and Non-GAAP operating margins Raises 2024 revenue and Non-GAAP operating margin guidance Continuing to invest in the fast-growing Unified SASE and Security Operations markets Second Quarter 2024 Highlights Total revenue of $1.43 billion, up 11% year over year Service revenue of $982 million, up 20% year over year Record GAAP operating margin [...]
First Quarter 2024 Highlights Total revenue of $1.35 billion, up 7% year over year Service revenue of $944 million, up 24% year over year GAAP operating margin of 23.7% Non-GAAP operating margin of 28.5%1 Cash flow from operations of $830 million Free cash flow of $609 million1 SUNNYVALE, Calif., May 02 (Korea Bizwire) — Fortinet® [...]
Fourth Quarter 2023 Highlights Total revenue of $1.42 billion, up 10.3% year over year Billings of $1.86 billion, up 8.5% year over year1 GAAP operating income of $385 million Non-GAAP operating income of $454 million1 GAAP operating margin of 27.2% Non-GAAP operating margin of 32.0%1 Cash paid for share repurchases of $896 million Full Year 2023 [...]
New Wi-Fi 7 access point and 10 Gigabit Power over Ethernet switch unlock 2x faster speeds and increased capacity for Fortinet’s integrated portfolio of secure wired and wireless offerings SUNNYVALE, Calif., Jan. 16, 2024 (Korea Bizwire) – Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the industry’s only [...]
New FortiSwitch 424F, FortiExtender Vehicle 211F, and enhanced FortiGuard OT Security Service were designed specifically to connect and protect OT environments SUNNYVALE, Calif., Dec. 18, 2023 (Korea Bizwire) – Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the latest release of new, integrated operational technology (OT) security solutions [...]
Third Quarter 2023 Highlights Total revenue of $1.33 billion, up 16% year over year Service revenue of $868.7 million, up 28% year over year Billings of $1.49 billion, up 6% year over year1 Deferred revenue of $5.29 billion, up 26% year over year GAAP operating income of $303.2 million, up 14% year over year Non-GAAP [...]
Concentration on Secure Networking, Universal SASE, and Security Operations markets, including strategic R&D and GTM investments, will accelerate Fortinet’s global business expansion SUNNYVALE, Calif., Nov. 02 (Korea Bizwire) – News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that it is sharpening its business focus to [...]
Google Cloud Network’s Global Network Edge Locations Will Expand Fortinet’s POP Coverage for Universal SASE Customers SUNNYVALE, Calif., Oct. 16, 2023 (Korea Bizwire) – News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the expansion of its SASE Points-of-Presence (POPs) to new locations through a partnership [...]