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Fortinet | 10-Q: Q2 2024 Earnings Report

Fortinet | 10-Q: Q2 2024 Earnings Report

飛塔信息 | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/08 16:21

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Fortinet reported strong Q2 2024 financial results with total revenue increasing 11% year-over-year to $1.43 billion. Service revenue grew 20% to $982.4 million, while product revenue declined 4% to $451.9 million. Gross margin expanded 3.7 percentage points to 80.8%, driven by higher service margins and favorable revenue mix.Operating income surged 57% to $437.2 million with operating margin expanding to 30.5%, up from 21.6% last year, reflecting improved operational efficiency and cost management. The company maintained strong cash generation with operating cash flow of $342 million. Deferred revenue grew to $5.90 billion, demonstrating continued momentum in recurring revenue streams.Looking ahead, Fortinet expects service revenue growth to moderate but remain strong, driven by unified SASE and SecOps offerings. The company announced two strategic acquisitions - Lacework for $149 million and Next DLP for $96 million - to strengthen its cloud security and data protection capabilities. Management remains focused on innovation and market expansion while maintaining profitability.
Fortinet reported strong Q2 2024 financial results with total revenue increasing 11% year-over-year to $1.43 billion. Service revenue grew 20% to $982.4 million, while product revenue declined 4% to $451.9 million. Gross margin expanded 3.7 percentage points to 80.8%, driven by higher service margins and favorable revenue mix.Operating income surged 57% to $437.2 million with operating margin expanding to 30.5%, up from 21.6% last year, reflecting improved operational efficiency and cost management. The company maintained strong cash generation with operating cash flow of $342 million. Deferred revenue grew to $5.90 billion, demonstrating continued momentum in recurring revenue streams.Looking ahead, Fortinet expects service revenue growth to moderate but remain strong, driven by unified SASE and SecOps offerings. The company announced two strategic acquisitions - Lacework for $149 million and Next DLP for $96 million - to strengthen its cloud security and data protection capabilities. Management remains focused on innovation and market expansion while maintaining profitability.
飛塔信息報告了2024年第二季度強勁的財務業績,總營業收入同比增長11%,達到14.3億。服務收入增長20%,達到98240萬,而產品收入下降4%,爲45190萬。毛利率擴大了3.7個百分點,達到了80.8%,這得益於更高的服務利潤率和有利的收入組合。營業收入激增57%,達到43720萬,營業利潤率擴大至30.5%,相比去年增加了21.6%,反映了運營效率和成本管理的改善。公司保持了強勁的現金生成,營業現金流爲34200萬。遞延收入增長至59億,顯示出反覆營業收入來源的持續動能。展望未來,飛塔信息預計服務收入增長將放緩,但仍將保持強勁,主要得益於統一的SASE和SecOps產品。公司宣佈了兩項戰略收購 - Lacework,交易額爲14900萬,Next DLP,交易額爲9600萬 - 以增強其雲安全和數據保護能力。管理層仍然專注於創新和市場擴展,同時保持盈利能力。
飛塔信息報告了2024年第二季度強勁的財務業績,總營業收入同比增長11%,達到14.3億。服務收入增長20%,達到98240萬,而產品收入下降4%,爲45190萬。毛利率擴大了3.7個百分點,達到了80.8%,這得益於更高的服務利潤率和有利的收入組合。營業收入激增57%,達到43720萬,營業利潤率擴大至30.5%,相比去年增加了21.6%,反映了運營效率和成本管理的改善。公司保持了強勁的現金生成,營業現金流爲34200萬。遞延收入增長至59億,顯示出反覆營業收入來源的持續動能。展望未來,飛塔信息預計服務收入增長將放緩,但仍將保持強勁,主要得益於統一的SASE和SecOps產品。公司宣佈了兩項戰略收購 - Lacework,交易額爲14900萬,Next DLP,交易額爲9600萬 - 以增強其雲安全和數據保護能力。管理層仍然專注於創新和市場擴展,同時保持盈利能力。
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