Cybersecurity Firm Fortinet Q1 Earnings: Product Revenue Falls, Billings Fall, Robust Outlook
Cybersecurity Firm Fortinet Q1 Earnings: Product Revenue Falls, Billings Fall, Robust Outlook
Fortinet, Inc. (NASDAQ:FTNT) reported its first-quarter financial results after the bell on Thursday. Here are the highlights.
Fortinet, Inc.（纳斯达克股票代码：FTNT）在周四收盘后公布了其第一季度财务业绩。以下是亮点。
Fortinet reported quarterly earnings of 43 cents per share, which beat the analyst consensus estimate of 38 cents.
Fortinet公布的季度每股收益为43美分，超过了分析师共识估计的38美分。
The quarterly revenue grew 6.97% year over year to $1.35 billion, beating the analyst consensus estimate of $1.338 billion.
季度收入同比增长6.97％，达到13.5亿美元，超过了分析师共识估计的13.38亿美元。
Product revenue fell 18.3% year over year to $408.9 million, while Service revenue grew 24% to $944.4 million.
产品收入同比下降18.3％，至4.089亿美元，而服务收入增长24％，至9.444亿美元。
Total billings were $1.41 billion for the first quarter, a decrease of 6.4% compared to $1.50 billion for the same quarter of 2023.
第一季度的总账单为14.1亿美元，与2023年同期的15.0亿美元相比下降了6.4％。
"We are diligently executing on our strategy announced six months ago to leverage our scale, go-to-market capabilities, customer-first focus, and engineering expertise to capitalize on the fast-growing Unified SASE and Security Operations markets while continuing to gain market share in Secure Networking," said Ken Xie, CEO of Fortinet.
Fortinet首席执行官谢健表示：“我们正在努力执行六个月前宣布的战略，利用我们的规模、进入市场的能力、客户至上的关注和工程专业知识，利用快速增长的统一SASE和安全运营市场，同时继续获得安全网络的市场份额。”
"We believe our Unified SASE offering is the most comprehensive in the industry and we are well-positioned to lead in our three core growth areas by leveraging our expertise in converging networking and security, our history of AI innovation, and our ability to integrate products across our FortiOS operating system."
“我们相信我们的Unified SASE产品是业内最全面的产品，通过利用我们在融合网络和安全方面的专业知识、我们的人工智能创新历史以及我们在FortiOS操作系统中集成产品的能力，我们完全有能力在三个核心增长领域处于领先地位。”
Outlook: Fortinet sees second-quarter adjusted earnings between 39 cents and 41 cents per share, versus the 40 cents estimate, and revenue between $1.375 billion and $1.435 billion, versus the $1.394 billion estimate.
展望：Fortinet预计，第二季度调整后的每股收益在39美分至41美分之间，而预期为40美分，收入在13.75亿美元至14.35亿美元之间，而预期为13.94亿美元。
Fortinet expects full-year 2024 earnings between $1.73 and $1.79 per share, versus the $1.71 estimate, and revenue in a range of $5.745 billion to $5.845 billion versus the $5.783 billion estimate.
Fortinet预计，2024年全年每股收益在1.73美元至1.79美元之间，而预期为17.71美元，收入在57.45亿美元至58.45亿美元之间，而预期为57.83亿美元。
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Shares of other cybersecurity companies, including Zscaler, Inc. (NASDAQ:ZS), CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and SentinelOne, Inc. (NYSE:S) are moving lower in sympathy with Fortinet following the print.
由于对Fortinet的同情，包括Zscaler, Inc.（纳斯达克股票代码：ZS）、CrowdStrike Holdings, Inc.（纳斯达克股票代码：CRWD）和SentineLone, Inc.（纽约证券交易所代码：S）在内的其他网络安全公司的股价正在走低。
FTNT Price Action: According to Benzinga Pro, Fortinet shares are down 7.96% after-hours at $60.01 at the time of publication Thursday.
FTNT价格走势：根据Benzinga Pro的数据，截至周四发布时，Fortinet股价盘后下跌7.96％，至60.01美元。
Image: Shutterstock
图片：Shutterstock