View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
October 22, 2010

Fortinet Q3 revenue up 29% to $84.9m

Gross profit increases 31%

By CBR Staff Writer

Network security provider Fortinet has reported total revenues of $85m for the third quarter of 2010, an increase of 29% as compared to $65.8m for the same quarter in 2009.

The company has posted an operating income of $18.1m for the quarter, an increase of 88.5% as compared to $9.6m for the same period last year.

Gross profits for the Q3 2010 were $63.5m as compared to $48.4m of Q3 of 2009.

For the quarter ended 30 September 2010, the company has posted net income of $14.01m, or $0.18 per share, as compared to $6.3m, or $0.10 per share, for the same period last year.

Fortinet chief financial officer Ken Goldman said the company is excited about the momentum in its business and demand for network security and UTM offerings, and will continue to invest in the near term to strengthen sales and support infrastructure, as well as R&D capabilities in order to support its growth.

Content from our partners
How Kodak evolved to tackle seismic changes in the print industry and embrace digital revolution
Why all businesses must democratise data analytics
How start-ups can take the next step towards scaling up

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy