Fortinet (FTNT) Tops Q1 EPS by 15c, Offers Guidance

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Go back to Fortinet (FTNT) Tops Q1 EPS by 15c, Offers Guidance

Fortinet Reports First Quarter 2022 Financial Results

May 4, 2022 4:05 PM EDT

First Quarter 2022 Highlights

Product revenue of $371.0 million, up 54% year over yearTotal revenue of $954.8 million, up 34% year over yearBookings of $1.28 billion, up 50% year over year1Billings of $1.16 billion, up 36% year over year2Deferred revenue of $3.66 billion, up 33% year over yearGAAP operating margin of 15.8%Non-GAAP operating margin of 22.0%2GAAP diluted net income per share attributable to Fortinet, Inc. of $0.84Non-GAAP diluted net income per share attributable to Fortinet, Inc. of $0.942Cash flow from... More