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Fortinet | 8-K: Fortinet Reports Third Quarter 2024 Financial Results

Fortinet | 8-K: Fortinet Reports Third Quarter 2024 Financial Results

飛塔信息 | 8-K:Fortinet 公佈2024年第三季度財務業績
美股SEC公告 ·  2024/11/08 05:18

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Fortinet delivered robust Q3 2024 results with total revenue growing 13% YoY to $1.51 billion, driven by service revenue growth of 19.1%. The company achieved record GAAP operating margin of 31.2% and non-GAAP operating margin of 36.1%. Product revenue returned to growth at 1.7% YoY, while billings increased 6.1% to $1.58 billion.The company demonstrated strong cash generation with operating cash flow of $608.1 million and free cash flow of $571.8 million. Notable highlights include strong billings growth in Unified SASE and Security Operations segments. The board authorized a $1 billion increase in share repurchase program, bringing total authorization to $2.03 billion.Looking ahead, Fortinet raised its full-year 2024 guidance, projecting revenue between $5.856-$5.916 billion and service revenue of $4.015-$4.045 billion. The company expects non-GAAP operating margin between 32.9-33.9% for the full year, reflecting continued operational efficiency and market strength.
Fortinet delivered robust Q3 2024 results with total revenue growing 13% YoY to $1.51 billion, driven by service revenue growth of 19.1%. The company achieved record GAAP operating margin of 31.2% and non-GAAP operating margin of 36.1%. Product revenue returned to growth at 1.7% YoY, while billings increased 6.1% to $1.58 billion.The company demonstrated strong cash generation with operating cash flow of $608.1 million and free cash flow of $571.8 million. Notable highlights include strong billings growth in Unified SASE and Security Operations segments. The board authorized a $1 billion increase in share repurchase program, bringing total authorization to $2.03 billion.Looking ahead, Fortinet raised its full-year 2024 guidance, projecting revenue between $5.856-$5.916 billion and service revenue of $4.015-$4.045 billion. The company expects non-GAAP operating margin between 32.9-33.9% for the full year, reflecting continued operational efficiency and market strength.
飛塔信息在2024財年第三季度交出了強勁的成績,總營業收入同比增長13%至15.1億美金,服務收入增長19.1%推動了該增長。該公司實現了31.2%的GAAP營業利潤率和36.1%的非GAAP營業利潤率。產品收入同比增長1.7%,而賬單增長6.1%,達到15.8億美金。該公司表現出強勁的現金生成能力,運營現金流爲60810萬,自由現金流爲57180萬。值得注意的亮點包括統一SASE和安防領域的強勁賬單增長。董事會批准了10億美金的股票回購計劃增加,總授權達到20.3億美金。展望未來,飛塔信息提高了其2024財年的全年度指導,預計營業收入在58.56億至59.16億美金之間,服務收入在40.15億至40.45億美金之間。公司預計全年度的非GAAP營業利潤率在32.9%至33.9%之間,反映出持續的運營效率和市場實力。
飛塔信息在2024財年第三季度交出了強勁的成績,總營業收入同比增長13%至15.1億美金,服務收入增長19.1%推動了該增長。該公司實現了31.2%的GAAP營業利潤率和36.1%的非GAAP營業利潤率。產品收入同比增長1.7%,而賬單增長6.1%,達到15.8億美金。該公司表現出強勁的現金生成能力,運營現金流爲60810萬,自由現金流爲57180萬。值得注意的亮點包括統一SASE和安防領域的強勁賬單增長。董事會批准了10億美金的股票回購計劃增加,總授權達到20.3億美金。展望未來,飛塔信息提高了其2024財年的全年度指導,預計營業收入在58.56億至59.16億美金之間,服務收入在40.15億至40.45億美金之間。公司預計全年度的非GAAP營業利潤率在32.9%至33.9%之間,反映出持續的運營效率和市場實力。
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