Fortinet (FTNT) Tops Q2 EPS by 17c
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Fortinet Reports Second Quarter 2020 Financial Results
August 6, 2020 4:05 PM EDTSecond Quarter 2020 Highlights
Total revenue of $615.5 million, up 18% year over yearProduct revenue of $211.9 million, up 12% year over yearBillings of $711.5 million, up 14% year over year1Deferred revenue of $2.32 billion, up 24% year over yearGAAP operating margin of 19.0%, up 460 basis points year over yearNon-GAAP operating margin of 27.3%, up 370 basis points year over year1GAAP diluted net income per share of $0.68Non-GAAP diluted net income per share of $0.821Cash flow from operations of $247.0 millionFree cash flow... More