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4.75104522994627E-05 -4.75104522995977E-05 0.000380083618395972 0.000855188141391003 0.00237552261497529 0.00161915621436717 -0.00285062713797046 -0.00408589889775757
Stock impact report

Fortinet Expands via Cross-Selling: A Path to More Profitability? [Yahoo! Finance]

Fortinet, Inc. (FTNT) 
Last fortinet, inc. earnings: 2/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fortinet.com
Company Research Source: Yahoo! Finance
By offering a broad range of complementary security solutions, Fortinet encourages existing customers to adopt additional products and services beyond their initial purchase, such as expanding from a FortiGate firewall to SD-WAN and then to a single-vendor SASE solution. This strategy not only increases overall revenues but also boosts recurring revenues through subscription-based services, which typically have higher profit margins. The company's first-quarter 2025 results highlighted how this strategy — centered on selling Secure Access Service Edge (SASE) and Security Operations (SecOps) solutions to existing SD-WAN and firewall customers — is delivering strong results. In the quarter, 91% of SASE billings and 97% of SecOps billings came from existing clients. Unified SASE annual recurring revenues (ARR) climbed 26% year over year, while SecOps ARR surged 30%, bringing combined ARR to $1.6 billion. Notably, its large enterprise customers contributed 48% of SASE and 40% of SecO Show less Read more
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