Fortinet (FTNT) Tops Q1 EPS by 9c
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Fortinet Reports First Quarter 2020 Financial Results
May 6, 2020 4:05 PM EDTFirst Quarter 2020 Highlights
Total revenue of $576.9 million, up 22% year over yearProduct revenue of $192.3 million, up 18% year over yearBillings of $667.8 million, up 21% year over year1Deferred revenue of $2.23 billion, up 26% year over yearGAAP operating margin of 20.1%, up 940 basis points year over yearNon-GAAP operating margin of 22.3%, up 190 basis points year over year1GAAP diluted net income per share of $0.60Non-GAAP diluted net income per share of $0.601Cash flow from operations of $319.4 millionFree cash... More