Fortinet, positivo l'andamento finanziario del secondo trimestre 2016

Pubblicato il: 01/08/2016
Autore: Redazione ChannelCity

Fatturato e utili superano le previsioni ed evidenziano la qualità del Security Fabric by Fortinet.

Fortinet chiude positivamente il proprio secondo trimestre fiscale 2016. Siamo soddisfatti di aver registrato entrate e fatturato superiori ai nostri obiettivi di spesa e profittabilità, a fronte di un continuo investimento sulla crescita”, evidenzia Ken Xie, fondatore, presidente del consiglio di amministrazione e chief executive officer. “Il panorama delle minacce e le architetture di rete stanno evolvendo, passando di fatto a piattaforme end-to-end integrate, seguendo la vision su cui Fortinet è nata. La nostra solida capacità di innovare e di fornire un Security Fabric unico, fortemente integrato e intelligente, in grado di proteggere tutti i punti di una rete – dalla IoT al cloud – ci offre un posizionamento ottimale per incrementare ulteriormente crescita e quote di mercato nel corso del 2016 e oltre”.

Financial Highlights for the Second Quarter of 2016

  • Revenue: Total revenue was $311.4 million for the second quarter of 2016, an increase of 30% compared to $239.8 million in the same quarter of 2015. Within total revenue, product revenue was $136.6 million, an increase of 19% compared to $114.8 million in the same quarter of 2015. Service revenue was $174.8 million, an increase of 40% compared to $125.0 million in the same quarter of 2015.
  • Billings1: Total billings were $373.8 million for the second quarter of 2016, an increase of 26% compared to $297.2 million in the same quarter of 2015.
  • Deferred Revenue: Total deferred revenue was $904.0 million as of June 30, 2016, an increase of $66.8 million compared to $837.2 million as of March 31, 2016.
  • Cash and Cash Flow: As of June 30, 2016, cash, cash equivalents and investments were $1.22 billion, compared to $1.19 billion as of March 31, 2016. In the second quarter of 2016, cash flow from operations was $67.9 million compared to $84.3 million in the same quarter of 2015. Free cash flow1 was $53.5 million during the second quarter of 2016 compared to $73.5 million in the same quarter of 2015.
  • GAAP Operating Income or Loss: GAAP operating loss was $4.0 million for the second quarter of 2016, representing a GAAP operating margin of -1%. GAAP operating income was $3.0 million for the same quarter of 2015, representing a GAAP operating margin of 1%.
  • Non-GAAP Operating Income1: Non-GAAP operating income was $36.0 million for the second quarter of 2016, representing a non-GAAP operating margin of 12%. Non-GAAP operating income was $29.3 million for the same quarter of 2015, representing a non-GAAP operating margin of 12%.
  • GAAP Net Income or Loss and Diluted Net Income or Loss Per Share: GAAP net loss was $1.4 million for the second quarter of 2016, compared to GAAP net income of $0.8 million for the same quarter of 2015. GAAP diluted net loss per share was $0.01 for the second quarter of 2016. GAAP diluted net income per share was break-even for the second quarter of 2015.
  • Non-GAAP Net Income and Diluted Net Income Per Share1: Non-GAAP net income was $24.0 million for the second quarter of 2016, compared to non-GAAP net income of $19.4 million for the same quarter of 2015. Non-GAAP diluted net income per share was $0.14 for the second quarter of 2016, compared to $0.11 for the same quarter of 2015.


1 A reconciliation of GAAP to non-GAAP financial 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.”

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