Fortinet (FTNT) Tops Q1 EPS by 5c, Offers Guidance

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Fortinet Reports First Quarter 2024 Financial Results

May 2, 2024 4:06 PM EDT

First Quarter 2024 Highlights

Total revenue of $1.35 billion, up 7% year over yearService revenue of $944 million, up 24% year over yearGAAP operating margin of 23.7%Non-GAAP operating margin of 28.5%1Cash flow from operations of $830 millionFree cash flow of $609 million1

SUNNYVALE, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the first quarter ended March 31, 2024.

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