Fortinet (FTNT) Tops Q4 EPS by 9c, Offers Q1 and FY Guidance
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Fortinet Reports Fourth Quarter and Full Year 2020 Financial Results
February 4, 2021 4:05 PM ESTFourth Quarter 2020 Highlights
Total revenue of $748.0 million, up 21% year over yearProduct revenue of $288.4 million, up 21% year over yearService revenue of $459.6 million, up 21% year over yearBillings of $960.9 million, up 20% year over year1GAAP operating margin of 22.6%, up 280 basis points year over yearNon-GAAP operating margin of 29.4%, up 210 basis points year over year1GAAP diluted net income per share of $0.89Non-GAAP diluted net income per share of $1.061Cash flow from operations of $296.5 millionFree cash... More