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• Revenue: Fortinet reported total revenue of $1.43 billion, marking an 11% year-over-year increase12. This growth was driven by a significant rise in service revenue, which increased by nearly 20% to $982.4 million1.
• Earnings Per Share (EPS): The company reported earnings of $0.57 per share, surpassing analyst expectations of $0.41 per share3.
• Operating Margins: Fortinet achieved record operating margins, with a GAAP operating margin of 30.5% and a non-GAAP operating margin of 35.1%12.
• Net Income: The net income for the quarter was $379.8 million, up from $266.3 million in the same quarter last year1.
• Cash Flow: Fortinet generated $342 million in cash flow from operations1.
The company also raised its revenue and non-GAAP operating margin guidance for the full year, reflecting confidence in its growth strategy and market position12.
Are you interested in any specific aspects of Fortinet’s performance or looking for insights on how this might
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