Fortinet (FTNT) Tops Q4 EPS by 8c, FY22 Guidance Tops Consensus

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Go back to Fortinet (FTNT) Tops Q4 EPS by 8c, FY22 Guidance Tops Consensus

Fortinet Reports Fourth Quarter and Full Year 2021 Financial Results

February 3, 2022 4:05 PM EST

Fourth Quarter 2021 Highlights

Total revenue of $963.6 million, up 29% year over yearProduct revenue of $378.9 million, up 31% year over yearService revenue of $584.7 million, up 27% year over yearBillings of $1.31 billion, up 36% year over year1Bookings of $1.43 billion, up 49% year over year2GAAP operating margin of 22.3% Non-GAAP operating margin of 28.5%1Cash paid for share repurchases of $571.8 million

Full Year 2021 Highlights

Total revenue of $3.34 billion, up 29% year over... More