Fortinet Reports Third Quarter 2024 Financial Results
Fortinet News, Thursday, November 7th, 2024
Fortinet announced financial results for the third quarter ended September 30, 2024.
'We are pleased to report another strong quarter as non-GAAP operating margin increased 830 basis points year over year to a company record of 36%, while revenue exceeded the high end of our guidance range, with growth of 13% year over year,' said Ken Xie, Founder, Chairman and Chief Executive Officer of Fortinet. 'Our investments in the fast-growing markets of Unified SASE and Security Operations generated strong results as we continued to gain market share in Secure Networking. With our expertise in converging networking and security, a proven track record of innovation, and seamless product integration within our FortiOS and FortiASIC, we are well-positioned to lead in our three core growth areas and drive sustained growth.'