Fortinet annuncia i risultati finanziari del secondo trimestre 2017

Entrate e fatturato continuano a crescere a un ritmo superiore al mercato, mentre i margini operativi aumentano
Milano, (informazione.it - comunicati stampa - information technology)

Highlight del secondo trimestre 2017
• Entrate di $363,5 milioni, in aumento del 17% anno su anno
• Fatturato di $426,9 milioni, in crescita del 14% anno su anno1
• Reddito netto GAAP diluito per azione pari a $0,13
• Reddito netto non-GAAP diluito per azione pari a $0,271
• Margine operativo GAAP dell’8%
• Margine operativo non-GAAP del 18%1
• Flusso di cassa derivante dalle attività pari a $144,8 milioni
• Flusso di cassa libero di $58,4 milioni1
• Contanti, liquidi e investimenti pari a $1,46 miliardi
• Reddito differito di $1,16 miliardi, in crescita del 28% anno su anno
• Completato riacquisto di azioni pari a $33,2 milioni


Milano, 27 luglio 2017 – Fortinet® (NASDAQ: FTNT), leader globale nelle soluzioni di cybersecurity ad alte prestazioni, annuncia i risultati finanziari per il primo trimestre 2017, chiusosi il 30 giugno scorso

“Fortinet continua a superare i tassi di crescita del mercato, ottenendo risultati altrettanto positivi rispetto ai nostri obiettivi di incremento dei margini”, afferma Ken Xie, fondatore, presidente e chief executive officer di Fortinet. “La solidità del Fortinet Security Fabric ci posiziona in modo ottimale rispetto all’offerta ai nostri clienti di protezione avanzata dalle minacce aggressive che si trovano ad affrontare, oggi e in futuro, ovunque si trovino i loro asset e dati – on premise o nel cloud”.

Financial Details

• Revenue: Total revenue was $363.5 million for the second quarter of 2017, an increase of 17% compared to $311.4 million in the same quarter of 2016.

• Product revenue was $142.7 million, an increase of 4% compared to $136.6 million in the same quarter of 2016. Service revenue was $220.8 million, an increase of 26% compared to $174.8 million in the same quarter of 2016.

• Billings1: Total billings were $426.9 million for the second quarter of 2017, an increase of 14% compared to $373.8 million in the same quarter of 2016.

• Deferred Revenue: Total deferred revenue was $1.16 billion as of June 30, 2017, compared to $904.0 million as of June 30, 2016, and $1.10 billion as of March 31, 2017. Short-term deferred revenue was $706.7 million as of June 30, 2017, compared to $563.2 million as of June 30, 2016. Long-term deferred revenue was $454.8 million as of June 30, 2017, compared to $340.8 million as of June 30, 2016.

• Cash and Cash Flow: As of June 30, 2017, cash, cash equivalents and investments were $1.46 billion, compared to $1.44 billion as of March 31, 2017. In the second quarter of 2017, cash flow from operations was $144.8 million compared to $67.9 million in the same quarter of 2016. Free cash flow1 was $58.4 million during the second quarter of 2017 compared to $53.5 million in the same quarter of 2016, an increase of 9%. There was an $84.8 million impact on free cash flow during the second quarter of 2017 from the purchase of two office buildings in the Vancouver area.

• Share Repurchase: During the second quarter of 2017, Fortinet repurchased 0.8 million shares of its common stock for a total purchase price of $33.2 million. Additionally, Fortinet’s Board of Directors has authorized a $300.0 million increase to its existing share repurchase program, bringing the amount authorized under the current program to $600.0 million, of which $456.0 million remains for share repurchases through the end of January 2019.

• GAAP Operating Income or Loss: GAAP operating income was $28.5 million for the second quarter of 2017, representing a GAAP operating margin of 8%. GAAP operating loss was $4.0 million for the same quarter of 2016, representing a GAAP operating margin of -1%.

• Non-GAAP Operating Income1: Non-GAAP operating income was $65.7 million for the second quarter of 2017, representing a non-GAAP operating margin of 18%. Non-GAAP operating income was $36.0 million for the same quarter of 2016, representing a non-GAAP operating margin of 12%.

• GAAP Net Income or Loss and Diluted Net Income or Loss Per Share: GAAP net income was $23.0 million for the second quarter of 2017, compared to GAAP net loss of $1.4 million for the same quarter of 2016. GAAP diluted net income per share was $0.13 for the second quarter of 2017, compared to GAAP diluted net loss per share of $0.01 for the same quarter of 2016.

• Non-GAAP Net Income and Diluted Net Income Per Share1: Non-GAAP net income was $47.7 million for the second quarter of 2017, compared to non-GAAP net income of $24.0 million for the same quarter of 2016. Non-GAAP diluted net income per share was $0.27 for the second quarter of 2017, compared to $0.14 for the same quarter of 2016.

1 A reconciliation of GAAP to non-GAAP financial and liquidity measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”


Fortinet
Fortinet (NASDAQ: FTNT) protegge le maggiori aziende, service provider ed organizzazioni governative di tutto il mondo. Fortinet mette a disposizione dei suoi clienti una protezione avanzata e continua rispetto a superfici d’attacco sempre più vaste, oltre alla potenza necessaria per soddisfare i requisiti prestazionali in continuo aumento generati da una rete borderless – oggi e per il futuro. Solo l’architettura Security Fabric di Fortinet può offrire sicurezza senza compromessi per rispondere alle più delicate sfide di security, in ambienti di rete, applicativi, cloud o mobile. Fortinet è al primo posto nella classifica di vendite globali relativa alla maggior parte delle appliance di sicurezza e oltre 320.000 clienti a livello mondiale si affidano a Fortinet per proteggere il loro brand. Ulteriori informazioni sono disponibili su www.fortinet.com, sul Fortinet Blog o sui FortiGuard Labs.


Per informazioni:
- Sandro Buti – AxiCom Italia - Tel 02 75261111 – email: [email protected]
- Massimiliano Balbi – AxiCom Italia - Tel 02 75261111 – email: [email protected]
- Silvia Gaspari – Fortinet – email: [email protected]


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