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Fortinet posts Q2 net loss on sales up 30%

Friday 29 July 2016 | 10:30 CET | News
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Fortinet reported second-quarter revenue up 30 percent year-on-year to USD 311.4 million, led by a 40 percent rise in its service revenues to USD 114.8 million. Product revenue rose 19 percent to USD 136.6 million. The security company recorded billings of USD 373.8 million in the quarter, up 26 percent from a year ago, and deferred revenue rose to USD 904 million. Fortinet's adjusted operating profit increased to USD 36.0 million from USD 29.3 million, with the margin stable at 12 percent. The net result was a loss of USD 1.4 million versus a profit of USD 0.8 million a year ago, after an

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Categories: Internet / IT
Companies: Fortinet
Countries: World
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