Fortinet (FTNT) Reports In-Line Q4 EPS

Fortinet (NASDAQ: FTNT) reported Q4 EPS of $0.18, in-line with the analyst estimate of $0.18. Revenue for the quarter came in at $296.5 million versus the consensus estimate of $296.22 million.

Billings of $380.9 million, up 35% year over year.

"Fortinet's solid fourth quarter results help close a strong year, highlighted by our ability to achieve, for the full year, 37% billings growth and reach more than $1 billion in billings and revenue," said Ken Xie, founder, chairman and chief executive officer. "Very few companies have achieved this type of growth at Fortinet's scale and it is due to our strong technology advantage and early returns on our customer acquisition and expansion strategy. With cyber security remaining at the forefront of enterprise IT priorities, Fortinet is well-positioned to grow and gain global market share in 2016 and beyond."

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

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