التكنولوجيا وأخبارها بوابة الإمارات لتكنولوجيا المعلومات والإتصالات
Fortinet Reports Fourth Quarter and Full Year 2023 Financial Results
Fourth Quarter 2023 Highlights
Total revenue of $1.42 billion, up 10.3% year over year
Billings of $1.86 billion, up 8.5% year over year1
GAAP operating income of $385 million
Non-GAAP operating income of $454 million1
GAAP operating margin of 27.2%
Non-GAAP operating margin of 32.0%1
Cash paid for share repurchases of $896 million
Full Year 2023 Highlights
Total revenue of $5.30 billion, up 20% year over year
Service revenue of $3.38 billion, up 28% year over year
Billings of $6.40 billion, up 14% year over year1
Deferred revenue of $5.74 billion, up 24% year over year
GAAP operating income of $1.24 billion, up 28% year over year
Non-GAAP operating income of $1.51 billion, up 25% year over year1
GAAP operating margin of 23.4%
Non-GAAP operating margin of 28.4%1
GAAP diluted net income per share attributable to Fortinet, Inc. of $1.46, up 38% year over year
Non-GAAP diluted net income per share attributable to Fortinet, Inc. of $1.63, up 37% year over year1
Cash flow from operations of $1.94 billion
Free cash flow of $1.73 billion1
Cash paid for share repurchases of $1.50 billion
Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and
security, has recently announced financial results for the fourth quarter of 2023 and full year ended
December 31, 2023.
“In the fourth quarter of 2023, Security Operations billings grew 44% year over year and SASE
billings increased 19% year over year, driven by our successful sales strategy shift and the improved
execution of our sales teams,” said Ken Xie, Founder, Chairman and Chief Executive Officer of
Fortinet. “Our platform strategy is resonating with enterprises worldwide as we are a leader in Secure
Networking and are the #1 firewall vendor for units shipped with FortiGates accounting for over half
of the global deployment. Fortinet is well-positioned to consolidate the security capabilities of our
over half a million customers onto our integrated FortiOS operating system, which encompasses over
30 networking and security functions spanning on-premises and cloud environments.”
