Fortinet Q4 revenue up 17% to $1.66B; GAAP EPS $0.68; CFO Jensen to retire, Ohlgart named successor

Fortinet, Inc.

2024-FY EPS reported $2.26 revenue$5,955,800,000

Q4 revenue $1.66B (+17% YoY); product rev $574M (+18%); service rev $1.09B (+17%).
Record GAAP operating margin 34.6% (vs 27.2% YoY); Non-GAAP op margin 39.2%.
FY2024 revenue $5.96B (+12%); GAAP EPS $2.26; Non-GAAP EPS $2.37; free cash flow $1.88B.
CFO Keith Jensen retiring May 15, 2025; Christiane Ohlgart (current CAO) to succeed as CFO.
Q1 2025 guidance: rev $1.50-1.56B, Non-GAAP EPS $0.52-0.54; FY2025 rev $6.65-6.85B.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Christiane Ohlgart

Chief Financial Officer

FTNT · Fortinet, Inc.

Effective: 2025-05-15
Filed: February 6, 2025, 6:59 PM ET

Effective as of and contingent upon the Retirement, the Company intends to appoint Christiane Ohlgart, age 57, to serve as Chief Financial Officer of the Company (including as its Principal Financial Officer).

Departed

Keith Jensen

Chief Financial Officer

FTNT · Fortinet, Inc.

Effective: 2025-05-15
Successor: Christiane Ohlgart
Filed: February 6, 2025, 6:59 PM ET

On February 4, 2025, Keith Jensen, Fortinet’s Chief Financial Officer, age 66, notified the Company that he intends to retire on May 15, 2025

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Christiane Ohlgart was appointed as Chief Financial Officer at Fortinet, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Effective as of and contingent upon the Retirement, the Company intends to appoint Christiane Ohlgart, age 57, to serve as Chief Financial Officer of the Company (including as its Principal Financial Officer).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Keith Jensen retired as Chief Financial Officer at Fortinet, Inc..

Action: retired
Role: Chief Financial Officer

Exact text from the filing

On February 4, 2025, Keith Jensen, Fortinet’s Chief Financial Officer, age 66, notified the Company that he intends to retire on May 15, 2025

View on SEC.gov

Fortinet, Inc. filing history →

Source: SEC EDGAR

accession 0001262039-25-000007

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