Fourth Quarter 2022 Highlights Product revenue of $540.1 million, up 43% year over year Service revenue of $742.9 million, up 27% year over year Total revenue of $1.28 billion, up 33% year over year Billings of $1.72 billion, up 32% year over year1 GAAP operating income of $357.8 million, up 66% year over year Non-GAAP operating income of $417.6 million, up [...]
SUNNYVALE, Calif., Feb. 6 (Korea Bizwire) – Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet “With the introduction of FortiSP5, Fortinet once again sets new industry records for performance, cost, and energy efficiency. As the only cybersecurity vendor leveraging purpose-built ASICs, an over 20-year investment in innovation, Fortinet delivers the [...]
SUNNYVALE, Calif., Jan. 30 (Korea Bizwire) – John Maddison, EVP of Products and CMO at Fortinet “Fortinet builds ML-driven automation into all of its SOC offerings to support short-staffed teams affected by the cybersecurity skills shortage. But technology alone won’t solve this issue, which is why we are dedicated to also delivering human-based SOC augmentation [...]
SUNNYVALE, Calif., Nov. 2 (Korea Bizwire) — Fortinet® (Nasdaq: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced financial results for the third quarter ended September 30, 2022. “We continued to gain market share in the large addressable and fast-growing cybersecurity industry. Revenue and billings growth of over 30% in the third [...]
SUNNYVALE, Calif., Oct. 18 (Korea Bizwire) – John Maddison, EVP of Products and CMO “Fortinet delivers the most integrated single-vendor SASE solution available, uniquely converging best-of-breed networking and best-of-breed security that are unified by a single operating system. The latest cloud-delivered enhancements to FortiSASE further strengthen our ability to enable consistent security and user experience [...]
WONJU, South Korea, Oct. 17 (Korea Bizwire) — Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, will become the Official Cybersecurity Partner of the BMW Ladies Championship, taking place at the Oak Valley Country Club in the Republic of Korea. The partnership with the BMW Ladies Championship will represent Fortinet’s first sponsorship [...]
SUNNYVALE, Calif., Oct. 3 (Korea Bizwire) – John Maddison, EVP of Products and CMO at Fortinet “Fortinet has a long history of working to close the cyber skills gap, and we are proud to share we recently hit a significant milestone by achieving more than 1 million Network Security Expert (NSE) certifications issued to date. [...]
SUNNYVALE, Calif., Aug. 17 (Korea Bizwire) – Derek Manky, Chief Security Strategist & VP Global Threat Intelligence, FortiGuard Labs “Cyber adversaries are advancing their playbooks to thwart defense and scale their criminal affiliate networks. They are using aggressive execution strategies such as extortion or wiping data as well as focusing on reconnaissance tactics pre-attack to [...]
Second Quarter 2022 Highlights Product revenue of $400.7 million, up 34% year over year Total revenue of $1.03 billion, up 29% year over year Bookings of $1.38 billion, up 42% year over year1 Billings of $1.30 billion, up 36% year over year2 Deferred revenue of $3.93 billion, up 35% year over year GAAP operating margin [...]
SUNNYVALE, Calif., June 15 (Korea Bizwire) – John Maddison, EVP of Products and CMO at Fortinet “This year’s global State of OT and Cybersecurity Report demonstrates that while OT security has the attention of organizational leaders, critical security gaps remain. PLCs designed without security, continued intrusions, a lack of centralized visibility across OT activities, and [...]