Fortinet Q4 revenue $1.42B (+10.3% YoY); guides FY2024 revenue $5.72-5.82B

Fortinet, Inc.

2023-FY EPS reported $1.46 revenue$5,304,800,000

Q4 GAAP diluted EPS $0.40 (flat YoY); non-GAAP diluted EPS $0.51 (up from $0.44).
Q4 product revenue $488M (-9.6% YoY); service revenue $927M (+24.8%); billings $1.86B (+8.5%).
Full-year 2023 revenue $5.30B (+20.1%); GAAP operating margin 23.4%; non-GAAP diluted EPS $1.63.
Board authorized $500M increase to buyback program; $1.03B remaining as of Feb 6, 2024.
Q1 2024 guidance: revenue $1.30-1.36B, billings $1.39-1.45B, non-GAAP EPS $0.37-0.39.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Fortinet, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $1.42 billion, EPS $0.40.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $1.42 billion
EPS: $0.40
Result: reported results

Exact text from the filing

ftntq4-2023ex991.htm PRESS RELEASE Document Press Release Fortinet Reports Fourth Quarter and Full Year 2023 Financial Results Fourth Quarter 2023 Highlights • Total revenue of $1.42 billion, up 10.3% year over year • Billings of $1.86 billion, up 8.5% year over year 1 • GAAP operating income of $385 million • Non-GAAP operating income of $454 million 1 • GAAP

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Source: SEC EDGAR

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