Fortinet (FTNT) Tops Q1 EPS by 7c, Offers Guidance
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Fortinet Reports First Quarter 2021 Financial Results
April 29, 2021 4:05 PM EDTFirst Quarter 2021 Highlights
Total revenue of $710.3 million, up 23% year over yearProduct revenue of $240.7 million, up 25% year over yearService revenue of $469.6 million, up 22% year over yearBillings of $850.6 million, up 27% year over year1Deferred revenue of $2.75 billion, up 25% year over yearGAAP operating margin of 17.1%, down 310 basis points year over yearNon-GAAP operating margin of 24.5%, up 210 basis points year over year1GAAP diluted net income per share of $0.64Non-GAAP diluted net income per share of... More