Fortinet Q4 revenue $963.6M (+29% YoY), non-GAAP EPS $1.23; FY22 rev guidance $4.275-4.325B

Fortinet, Inc.

2021-FY EPS reported $3.63 revenue$3,342,200,000

Q4 total revenue $963.6M (+28.8% YoY); product rev $378.9M (+31.4%), service rev $584.7M (+27.2%).
Q4 billings $1.31B (+35.9% YoY); bookings $1.43B (+48.7%); deferred revenue $3.45B (+32.5% YoY).
Q4 GAAP EPS $1.19, non-GAAP $1.23; full-year GAAP EPS $3.63, non-GAAP $3.99.
Full-year cash from ops $1.50B; free cash flow record $1.20B; share repurchases $741.8M in 2021.
FY2022 guidance: rev $4.275-4.325B, billings $5.4-5.48B, non-GAAP EPS $4.85-$5.00.

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