Fortinet (FTNT) Tops Q3 EPS by 10c, Offers Q4 Guidance
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Fortinet Reports Third Quarter 2020 Financial Results
October 29, 2020 4:05 PM EDTThird Quarter 2020 Highlights
Total revenue of $651.1 million, up 19% year over yearProduct revenue of $223.8 million, up 14% year over yearService revenue of $427.3 million, up 22% year over yearBillings of $749.8 million, up 20% year over year1Deferred revenue of $2.39 billion, up 24% year over yearGAAP operating margin of 19.5%, up 110 basis points year over yearNon-GAAP operating margin of 27.4%, up 90 basis points year over year1GAAP diluted net income per share of $0.75Non-GAAP diluted net income per share of... More