FTNT Q1 2020 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$62B

Q1 2020 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$578M+22.2% YoY

Gross Profit

$449M77.7% margin

Operating Income

$117M20.2% margin

Net Income

$105M18.1% margin

EPS (Diluted)

$0.12

QoQ Revenue Growth

-6.0%

Cash Flow

Operating Cash Flow

$319M

Free Cash Flow

$292M

Stock-Based Comp.

$45M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$2.7B

Stockholders' Equity

$536M

Cash & Equivalents

$626M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$578M	$473M	+22.2%
Gross Profit	$449M	$360M	+24.9%
Operating Income	$117M	$51M	+130.6%
Net Income	$105M	$59M	+77.9%

Revenue Segments

Security Subscription

$211M37%

Product

$192M33%

Technical Support and Other

$173M30%

Geographic Segments

Americas

$242M42%

Europe, Middle East and Africa

$221M38%

Asia Pacific and Japan

$114M20%