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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

飛塔信息 | 8-K/A:Fortinet 公佈2024年第二季度財務業績
美股SEC公告 ·  2024/08/07 18:06

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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.
飛塔信息發佈了強勁的2024年第二季度業績,總營業收入達到14.3億元,同比增長10.9%,主要受服務收入增長19.8%至98240萬元的推動。公司實現了30.5%的GAAP營業利潤率和35.1%的非GAAP營業利潤率。產品收入下降4.4%,至45190萬元。公司產生了34200萬元的經營現金流和31890萬元的自由現金流。總賬單保持在15.4億元平穩,而遞延收入同比增長15%,達到59億元。GAAP凈利潤增加至37980萬元,攤薄後每股收益爲0.49美元。展望未來,飛塔信息上調了2024財政年度的指引,預計營業收入在580億至590億之間,服務收入在397.5億至402.5億之間。2024年第三季度,公司預計營業收入在144.5億至150.5億之間,非GAAP營業利潤率在30.5%至31.5%之間。公司繼續投資於統一SASE和安防市場,同時在安全網絡領域獲得市場份額。
飛塔信息發佈了強勁的2024年第二季度業績,總營業收入達到14.3億元,同比增長10.9%,主要受服務收入增長19.8%至98240萬元的推動。公司實現了30.5%的GAAP營業利潤率和35.1%的非GAAP營業利潤率。產品收入下降4.4%,至45190萬元。公司產生了34200萬元的經營現金流和31890萬元的自由現金流。總賬單保持在15.4億元平穩,而遞延收入同比增長15%,達到59億元。GAAP凈利潤增加至37980萬元,攤薄後每股收益爲0.49美元。展望未來,飛塔信息上調了2024財政年度的指引,預計營業收入在580億至590億之間,服務收入在397.5億至402.5億之間。2024年第三季度,公司預計營業收入在144.5億至150.5億之間,非GAAP營業利潤率在30.5%至31.5%之間。公司繼續投資於統一SASE和安防市場,同時在安全網絡領域獲得市場份額。
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