Fortinet, Inc. (FTNT) Tops Q2 EPS by 1c

Fortinet, Inc. (NASDAQ: FTNT) reported Q2 EPS of $0.11, $0.01 better than the analyst estimate of $0.10. Revenue for the quarter came in at $184.1 million versus the consensus estimate of $171.58 million. Billings of $213.0 million, up 33% year over year.

“Our strong second quarter results highlight that our growth strategy is working and our sales and marketing investments are paying off, especially in the high-end enterprise where we saw significant traction with large deals over $500,000 growing 95 percent year over year,” said Ken Xie, founder, chairman and chief executive officer. “Our ability to exceed expectations across all operating metrics during Q2 was driven by the combination of superior sales execution, improved marketing, and strong demand for new high-performance enterprise products. With continued focused execution and an exciting portfolio of new products that further strengthen our competitive advantage, we believe Fortinet remains well-positioned for growth and market share gains.”

For earnings history and earnings-related data on Fortinet, Inc. (FTNT) click here.

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