Fortinet annuncia i risultati finanziari del terzo trimestre 2016

• Entrate di $316,6 milioni, in aumento del 22% anno su anno

• Fatturato di $347,5 milioni, in crescita del 16% anno su anno1

• Reddito netto GAAP diluito per azione di $0,04

• Reddito netto non-GAAP diluito per azione di $0,181

• Flusso di cassa derivante dalle attività pari a $76,1 milioni

• Flusso di cassa libero di $70,2 milioni1

• Contanti, liquidi e investimenti pari a $1,27 miliardi2

• Reddito differito di $934,8 milioni, in crescita del 32% anno su anno

Milano, 2 novembre 2016 – Fortinet® (NASDAQ: FTNT), leader globale nelle soluzioni di cybersecurity ad alte prestazioni, annuncia i risultati finanziari per il terzo trimestre 2016, chiusosi il 30 settembre scorso

“Nonostante l’impatto di un ambiente particolarmente prudente, di cicli di vendita più lunghi e di complessità operative, abbiamo continuato a crescere a un ritmo più sostenuto rispetto al mercato e siamo stati in grado di aggiungere 9000 nuovi clienti”, spiega Ken Xie, fondatore, chairman e chief executive officer. “Fortinet resta nella posizione di poter beneficiare di trend costanti quali il consolidamento dei vendor di sicurezza e le architetture cloud di nuova generazione. Il nostro forte vantaggio tecnologico, assieme a una roadmap chiara e definita, ci permetteranno di rafforzare la nostra posizione sul mercato, sfruttare le opportunità significative e progredire verso il raggiungimento degli obiettivi di margine di lungo termine.”

Financial Highlights for the Third Quarter of 2016

• Revenue: Total revenue was $316.6 million for the third quarter of 2016, an increase of 22% compared to $260.1 million in the same quarter of 2015. Within total revenue, product revenue was $128.0 million, an increase of 7% compared to $119.7 million in the same quarter of 2015. Service revenue was $188.7 million, an increase of 34% compared to $140.3 million in the same quarter of 2015.

• Billings1: Total billings were $347.5 million for the third quarter of 2016, an increase of 16% compared to $299.6 million in the same quarter of 2015.

• Deferred Revenue: Total deferred revenue was $934.8 million as of September 30, 2016, an increase of 32% compared to $706.9 million in the same quarter of 2015. Total deferred revenue increased by $30.8 million compared to $904.0 million as of June 30, 2016.

• Cash2 and Cash Flow: As of September 30, 2016, cash, cash equivalents and investments were $1.27 billion, compared to $1.22 billion as of June 30, 2016. In the third quarter of 2016, cash flow from operations was $76.1 million compared to $65.1 million in the same quarter of 2015. Free cash flow1 was $70.2 million during the third quarter of 2016 compared to $51.7 million in the same quarter of 2015.

• GAAP Operating Income or Loss: GAAP operating income was $5.5 million for the third quarter of 2016, representing a GAAP operating margin of 2%. GAAP operating loss was $1.8 million in the same quarter of 2015, representing a GAAP operating margin of -1%. 

• Non-GAAP Operating Income1: Non-GAAP operating income was $45.9 million for the third quarter of 2016, representing a non-GAAP operating margin of 15%. Non-GAAP operating income was $36.4 million in the same quarter of 2015, representing a non-GAAP operating margin of 14%. 

• GAAP Net Income and Diluted Net Income Per Share: GAAP net income was $6.3 million for the third quarter of 2016, compared to GAAP net income of $8.2 million for the same quarter of 2015. GAAP diluted net income per share was $0.04 for the third quarter of 2016. GAAP diluted net income per share was $0.05 in the third quarter of 2015.

• Non-GAAP Net Income and Diluted Net Income Per Share1: Non-GAAP net income was $32.2 million for the third quarter of 2016, compared to non-GAAP net income of $24.1 million for the same quarter of 2015.  Non-GAAP diluted net income per share was $0.18 for the third quarter of 2016, compared to $0.14 in the same quarter of 2015.

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

  2 During the third quarter of 2016, we repurchased $25.0 million of our common stock under our share repurchase program. During the third quarter of 2015, there were no shares repurchased under our share repurchase program.

   

  Fortinet

  Fortinet (NASDAQ: FTNT) protegge le maggiori aziende, service provider ed organizzazioni governative di tutto il mondo. Fortinet mette a disposizione dei suoi clienti una protezione avanzata e continua rispetto a superfici d’attacco sempre più vaste, oltre alla potenza necessaria per soddisfare i requisiti prestazionali in continuo aumento generati da una rete borderless – oggi e per il futuro. Solo l’architettura Security Fabric di Fortinet può offrire sicurezza senza compromessi per rispondere alle più delicate sfide di security, in ambienti di rete, applicativi, cloud o mobile. Oltre 280.000 clienti a livello mondiale si affidano a Fortinet per proteggere il loro brand. Ulteriori informazioni sono disponibili su www.fortinet.com, sul Fortinet Blog o sui FortiGuard Labs.

  Per informazioni:

  - Sandro Buti – AxiCom Italia - Tel 02 75261111 – email: sandro.buti@axicom.com

  - Massimiliano Balbi – AxiCom Italia - Tel 02 75261111 – email: massimiliano.balbi@axicom.com

- Silvia Gaspari – Fortinet – email: sgaspari@fortinet.com