FTNT Q3 2020 Earnings — Fortinet, Inc. Revenue & Financial Results | Market Cap Arena

FTNTFortinet, Inc.

$62B

Q3 2020 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$651M+18.8% YoY

Gross Profit

$512M78.6% margin

Operating Income

$127M19.5% margin

Net Income

$123M19.0% margin

EPS (Diluted)

$0.15

QoQ Revenue Growth

+5.4%

Cash Flow

Operating Cash Flow

$221M

Free Cash Flow

$186M

Stock-Based Comp.

$49M

Balance Sheet

Total Assets

$3.6B

Total Liabilities

$2.9B

Stockholders' Equity

$713M

Cash & Equivalents

$882M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$651M	$548M	+18.8%
Gross Profit	$512M	$424M	+20.7%
Operating Income	$127M	$101M	+26.1%
Net Income	$123M	$80M	+53.9%

Revenue Segments

Security Subscription

$235M36%

Product

$224M34%

Technical Support and Other

$192M29%

Geographic Segments

Americas

$272M42%

Europe, Middle East and Africa

$243M37%

Asia Pacific and Japan

$135M21%