Fortinet posts Q2 net loss on sales up 30%

Friday 29 July 2016 | 10:30 CET | News
Interactive webinar: Vodafone Ziggo deep dive. What is the strategy for the coming years? Where does it stand in relation to its competitors? Join us on January 21st 14:00 CET for a professional profile of VodafoneZiggo in 45 minutes. Register here ...
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

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet / IT
Companies: Fortinet
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Fortinet revenue up 22% to USD 316.6 mln in Q3

Published 28 Oct 2016 10:51 CET | World
Fortinet saw its total revenue increase 22 percent year-on-year to USD 316.6 million in the third quarter. Within total revenue, ...

Fortinet to lay off 100 employees, including some management

Published 08 Aug 2016 10:25 CET | World
After posting a net loss in the second quarter, Fortinet is laying off around 2 percent of its workforce, or about 100 employees ...

Fortinet schrijft rode cijfers in Q2 bij stijgende omzet

Published 29 Jul 2016 12:05 CET | World
Fortinet heeft over het tweede kwartaal van dit jaar een omzet gerealiseerd van 311,4 miljoen dollar, een stijging van 30 procent ...

Fortinet intros FortiAsic SOC3 architecture for FortiGate 60

Published 28 Jul 2016 08:01 CET | World
Enterprise security specialist Fortinet announced the expansion of its Security Fabric with the introduction of its ...

Fortinet buys AccelOps

Published 08 Jun 2016 13:24 CET | World
Enterprise security specialist Fortinet has acquired AccelOps, a leading provider of network security monitoring and analytics ...

Fortinet revenues up 34% to USD 285 mln in Q1

Published 27 Apr 2016 09:42 CET | World
Cyber security specialist Fortinet reported first quarter revenues up 34 percent from the year before to USD 284.6 million, with ...

Fortinet unveils enhanced security fabric offering

Published 26 Apr 2016 13:43 CET | World
Enterprise security specialist Fortinet has launched a new offering designed to boost security across networks, remote devices ...

Calendar   /   Industry Events

21 Jan Intel Q4 2020
21 Jan Modern Times Group EGM
25 Jan Edgeware EGM
25 Jan The Things Conference 2021
26 Jan Verizon Communications Q4 2020
26 Jan F5 Networks fiscal Q1
26 Jan Microsoft fiscal Q2
26 Jan Meetup MENA
27 Jan MediaTek Q4 2020
27 Jan Calix Q4 2020
27 Jan Facebook Q4 2020
27 Jan KPN Q4 2020
27 Jan Extreme Networks fiscal Q2
27 Jan Corning Q4 2020
27 Jan AT&T Q4 2020
27 Jan Uptime
28 Jan Juniper Networks Q4 2020
28 Jan Comcast Q4 2020
28 Jan Rogers Communications Q4 2020
28 Jan Samsung Electronics Q4 2020
28 Jan Crown Castle Q4 2020
28 Jan Skyworks fiscal Q1
28 Jan 8x8 fiscal Q3
::: More Calendar Items