Fortinet (FTNT) Tops Q2 EPS by 5c; Raises Outlook

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Go back to Fortinet (FTNT) Tops Q2 EPS by 5c; Raises Outlook

Fortinet Reports Second Quarter 2018 Financial Results

August 1, 2018 4:15 PM EDT

Recent Highlights

Revenue of $441.3 million, up 21% year over year Product revenue of $166.3 million, up 17% year over year Service revenue of $275.0 million, up 25% year over yearBillings of $513.4 million, up 20% year over year1Deferred revenue of $1.47 billion, up 27% year over yearGAAP diluted net income per share of $0.28Non-GAAP diluted net income per share of $0.411Cash flow from operations of $142.2 millionFree cash flow of $130.6 million1Cash, cash equivalents and investments of $1.5 billionIn July 2018, the Board increased share repurchase... More