Fortinet (FTNT) Q1 Earnings Beat Expectations, Sales Rise Y/Y [Yahoo! Finance]
Fortinet, Inc. (FTNT)
Last fortinet, inc. earnings: 2/6 04:05 pm
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US:NASDAQ Investor Relations:
investor.fortinet.com
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Source: Yahoo! Finance
Fortinet reported first-quarter 2024 non-GAAP earnings per share (EPS) of 43 cents, which beat the Zacks Consensus Estimate by 13.16%. The bottom line climbed 26.5% from the year-ago quarter's earnings of 34 cents per share. Total revenues of $1.353 billion beat the consensus mark by 1.4% and improved 7.2% year over year, driven by strong growth in services revenues. Fortinet, Inc. Price, Consensus and EPS Surprise Fortinet, Inc. price-consensus-eps-surprise-chart | Fortinet, Inc. Quote Quarter in Detail Segment-wise, Product revenues declined 18% year over year to $409 million, primarily due to a tough comparison. Product revenues grew 35% in the prior-year period, benefiting from the drawdown of backlog. Software license revenues increased 20% and represented a mid-to-high teens mix of product revenues. Combined revenues from software licenses and software services, such as cloud and SaaS security solutions, increased 29% and represented an annual revenue run rate appro
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FTNT
Earnings
- 5/2/24 - Beat
FTNT
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/16/24 - Form 4
- FTNT's page on the SEC website