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.（納斯達克股票代碼：FTNT）在週四收盤後公佈了其第一季度財務業績。以下是亮點。
Fortinet reported quarterly earnings of 43 cents per share, which beat the analyst consensus estimate of 38 cents.
Fortinet公佈的季度每股收益爲43美分，超過了分析師共識估計的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.
季度收入同比增長6.97％，達到13.5億美元，超過了分析師共識估計的13.38億美元。
Product revenue fell 18.3% year over year to $408.9 million, while Service revenue grew 24% to $944.4 million.
產品收入同比下降18.3％，至4.089億美元，而服務收入增長24％，至9.444億美元。
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.
第一季度的總賬單爲14.1億美元，與2023年同期的15.0億美元相比下降了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首席執行官謝健表示：“我們正在努力執行六個月前宣佈的戰略，利用我們的規模、進入市場的能力、客戶至上的關注和工程專業知識，利用快速增長的統一SASE和安全運營市場，同時繼續獲得安全網絡的市場份額。”
"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."
“我們相信我們的Unified SASE產品是業內最全面的產品，通過利用我們在融合網絡和安全方面的專業知識、我們的人工智能創新歷史以及我們在FortiOS操作系統中集成產品的能力，我們完全有能力在三個核心增長領域處於領先地位。”
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預計，第二季度調整後的每股收益在39美分至41美分之間，而預期爲40美分，收入在13.75億美元至14.35億美元之間，而預期爲13.94億美元。
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預計，2024年全年每股收益在1.73美元至1.79美元之間，而預期爲17.71美元，收入在57.45億美元至58.45億美元之間，而預期爲57.83億美元。
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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.
由於對Fortinet的同情，包括Zscaler, Inc.（納斯達克股票代碼：ZS）、CrowdStrike Holdings, Inc.（納斯達克股票代碼：CRWD）和SentineLone, Inc.（紐約證券交易所代碼：S）在內的其他網絡安全公司的股價正在走低。
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價格走勢：根據Benzinga Pro的數據，截至週四發佈時，Fortinet股價盤後下跌7.96％，至60.01美元。
Image: Shutterstock
圖片：Shutterstock