GEC NEWS WIREReveals 2015 financial results; Company grows Q415 billings 35% and FY15 billings 37% year over year
Fortinet has revealed the financial results for the fourth quarter and full year ended December 31, 2015.
“Fortinet’s solid fourth quarter results help close a strong year, highlighted by our ability to achieve, for the full year, 37% billings growth and reach more than $1 billion in billings and revenue,” said Ken Xie, Founder, Chairman and CEO of Fortinet.
Total billings were $380.9 million for the fourth quarter of 2015, an increase of 35% compared to $282.7 million in the same quarter of 2014. Total revenue was $296.5 million for the fourth quarter of 2015, an increase of 32% compared to $224.0 million in the same quarter of 2014. GAAP operating income was $12.9 million for the fourth quarter of 2015, while non- GAAP operating income was $47.6 million for the fourth quarter of 2015.
“Very few companies have achieved this type of growth at Fortinet’s scale and it is due to our strong technology advantage and early returns on our customer acquisition and expansion strategy. With cyber security remaining at the forefront of enterprise IT priorities, Fortinet is well-positioned to grow and gain global market share in 2016 and beyond,” added Ken Xie.
