Milano – Fortinet® (NASDAQ: FTNT), azienda mondiale specializzata nelle soluzioni di cybersicurezza integrate e automatizzate, annuncia oggi i risultati finanziari per il secondo trimestre, che si è concluso il 30 giugno scorso.

 

“Abbiamo conseguito un importante risultato di crescita di fatturato nel trimestre, il più alto in cinque anni, con in testa l’America e le region EMEA: continuiamo a investire nelle nostre soluzioni”, ha dichiarato Ken Xie, Fondatore, Presidente e CEO di Fortinet. “I nostri clienti vedono e riconoscono il valore dell’approccio olistico della nostra piattaforma, che offre un livello di sicurezza integrata e automatizzata attraverso la rete on-premise di un’azienda, gli endpoint e i cloud edge. Siamo davvero molto soddisfatti e guardiamo avanti alla seconda metà dell’anno, felici di aumentare ancora una volta le entrate annuali e le previsioni di fatturazione”.

Financial Highlights for the Second Quarter of 2021

 

  1. Revenue: Total revenue was $801.1 million for the second quarter of 2021, an increase of 29.7% compared to $617.6 million for the same quarter of 2020.

 

  1. Product Revenue: Product revenue was $298.3 million for the second quarter of 2021, an increase of 40.8% compared to $211.9 million for the same quarter of 2020.

 

  1. Service Revenue: Service revenue was $502.8 million for the second quarter of 2021, an increase of 23.9% compared to $405.7 million for the same quarter of 2020.

 

  1. Billings1: Total billings were $960.9 million for the second quarter of 2021, an increase of 35.1% compared to $711.5 million for the same quarter of 2020.

 

  1. Deferred Revenue: Total deferred revenue was $2.91 billion as of June 30, 2021, an increase of 26.7% compared to $2.29 billion as of June 30, 2020.

 

  1. GAAP Operating Income and Margin: GAAP operating income was $147.5 million for the second quarter of 2021, representing a GAAP operating margin of 18.4%. GAAP operating income was $118.8 million for the same quarter of 2020, representing a GAAP operating margin of 19.2%.

 

  1. Non-GAAP Operating Income and Margin1: Non-GAAP operating income was $203.3 million for the second quarter of 2021, representing a non-GAAP operating margin of 25.4%. Non-GAAP operating income was $170.3 million for the same quarter of 2020, representing a non-GAAP operating margin of 27.6%.

 

  1. GAAP Net Income and Diluted Net Income Per Share: GAAP net income was $137.5 million for the second quarter of 2021, compared to GAAP net income of $113.8 million for the same quarter of 2020. GAAP diluted net income per share was $0.82 for the second quarter of 2021, based on 167.1 million diluted weighted-average shares outstanding, compared to GAAP diluted net income per share of $0.69 for the same quarter of 2020, based on 165.4 million diluted weighted-average shares outstanding.

 

  1. Non-GAAP Net Income and Diluted Net Income Per Share1: Non-GAAP net income was $158.7 million for the second quarter of 2021, compared to non-GAAP net income of $136.6 million for the same quarter of 2020. Non-GAAP diluted net income per share was $0.95 for the second quarter of 2021, based on 167.1 million diluted weighted-average shares outstanding, compared to $0.83 for the same quarter of 2020, based on 165.4 million diluted weighted-average shares outstanding.

 

  1. Cash Flow: Cash flow from operations was $418.2 million for the second quarter of 2021, compared to $247.0 million for the same quarter of 2020.

 

  1. Free Cash Flow1: Free cash flow was $394.7 million for the second quarter of 2021, compared to $216.1 million for the same quarter of 2020.

 

 

1 A reconciliation of GAAP to non-GAAP 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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