Fortinet Reports Fourth Quarter And Full Year 2023 Financial Results
Fortinet News, Tuesday, February 6th, 2024
Fortinet, a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the fourth quarter of 2023 and full year ended December 31, 2023.
'In the fourth quarter of 2023, Security Operations billings grew 44% year over year and SASE billings increased 19% year over year, driven by our successful sales strategy shift and the improved execution of our sales teams,' said Ken Xie, Founder, Chairman and Chief Executive Officer of Fortinet. 'Our platform strategy is resonating with enterprises worldwide as we are a leader in Secure Networking and are the #1 firewall vendor for units shipped with FortiGates accounting for over half of the global deployment. Fortinet is well-positioned to consolidate the security capabilities of our over half a million customers onto our integrated FortiOS operating system, which encompasses over 30 networking and security functions spanning on-premises and cloud environments.'