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Fortinet | 8-K/A: Fortinet Reports Second Quarter 2024 Financial Results

Fortinet | 8-K/A: Fortinet Reports Second Quarter 2024 Financial Results

飞塔信息 | 8-K/A:Fortinet 公布2024年第二季度财务业绩
美股SEC公告 ·  2024/08/07 03:06

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Fortinet delivered strong Q2 2024 results with total revenue reaching $1.43 billion, up 10.9% YoY, driven by service revenue growth of 19.8% to $982.4 million. The company achieved record GAAP operating margin of 30.5% and non-GAAP operating margin of 35.1%. Product revenue declined 4.4% to $451.9 million.The company generated $342 million in operating cash flow and $318.9 million in free cash flow. Total billings remained flat at $1.54 billion, while deferred revenue grew 15% YoY to $5.90 billion. GAAP net income increased to $379.8 million, with diluted EPS of $0.49.Looking ahead, Fortinet raised its FY2024 guidance, projecting revenue between $5.8-5.9 billion and service revenue of $3.975-4.025 billion. For Q3 2024, the company expects revenue of $1.445-1.505 billion and non-GAAP operating margin of 30.5-31.5%. The company continues to invest in Unified SASE and Security Operations markets while gaining market share in Secure Networking.
Fortinet delivered strong Q2 2024 results with total revenue reaching $1.43 billion, up 10.9% YoY, driven by service revenue growth of 19.8% to $982.4 million. The company achieved record GAAP operating margin of 30.5% and non-GAAP operating margin of 35.1%. Product revenue declined 4.4% to $451.9 million.The company generated $342 million in operating cash flow and $318.9 million in free cash flow. Total billings remained flat at $1.54 billion, while deferred revenue grew 15% YoY to $5.90 billion. GAAP net income increased to $379.8 million, with diluted EPS of $0.49.Looking ahead, Fortinet raised its FY2024 guidance, projecting revenue between $5.8-5.9 billion and service revenue of $3.975-4.025 billion. For Q3 2024, the company expects revenue of $1.445-1.505 billion and non-GAAP operating margin of 30.5-31.5%. The company continues to invest in Unified SASE and Security Operations markets while gaining market share in Secure Networking.
飞塔信息发布了强劲的2024年第二季度业绩,总营业收入达到14.3亿美金,同比增长10.9%,其中服务收入增长19.8%至98240万美金。公司实现了30.5%的GAAP营业利润率和35.1%的非GAAP营业利润率。产品营业收入下降4.4%,达到45190万美金。公司产生了34200万美金的营业现金流和31890万美金的自由现金流。总账单保持在15.4亿美金不变,而递延收入同比增长15%至59亿美金。GAAP净利润增加至37980万美金,摊薄后每股收益为0.49美金。展望未来,飞塔信息上调了2024财年的指引,预计营业收入在580亿到590亿美金之间,服务收入在397.5亿到402.5亿美金之间。对于2024年第三季度,公司预计营业收入在144.5亿到150.5亿美金之间,非GAAP营业利润率在30.5%到31.5%之间。公司将继续投资于统一SASE和安防-半导体市场,同时在安全网络领域获得市场份额。
飞塔信息发布了强劲的2024年第二季度业绩,总营业收入达到14.3亿美金,同比增长10.9%,其中服务收入增长19.8%至98240万美金。公司实现了30.5%的GAAP营业利润率和35.1%的非GAAP营业利润率。产品营业收入下降4.4%,达到45190万美金。公司产生了34200万美金的营业现金流和31890万美金的自由现金流。总账单保持在15.4亿美金不变,而递延收入同比增长15%至59亿美金。GAAP净利润增加至37980万美金,摊薄后每股收益为0.49美金。展望未来,飞塔信息上调了2024财年的指引,预计营业收入在580亿到590亿美金之间,服务收入在397.5亿到402.5亿美金之间。对于2024年第三季度,公司预计营业收入在144.5亿到150.5亿美金之间,非GAAP营业利润率在30.5%到31.5%之间。公司将继续投资于统一SASE和安防-半导体市场,同时在安全网络领域获得市场份额。
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