Cybersecurity services provider Fortinet (FTNT) reports strong results; Shares surge

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Go back to Cybersecurity services provider Fortinet (FTNT) reports strong results; Shares surge

Fortinet Reports Fourth Quarter and Full Year 2023 Financial Results

February 6, 2024 4:05 PM EST

Fourth Quarter 2023 Highlights

Total revenue of $1.42 billion, up 10.3% year over yearBillings of $1.86 billion, up 8.5% year over year1GAAP operating income of $385 millionNon-GAAP operating income of $454 million1GAAP operating margin of 27.2% Non-GAAP operating margin of 32.0%1Cash paid for share repurchases of $896 million

Full Year 2023 Highlights

Total revenue of $5.30 billion, up 20% year over yearService revenue of $3.38 billion, up 28% year over... More