Fortinet annuncia i risultati finanziari del quarto trimestre e dell’intero anno 2016

Highlight del quarto trimestre 2016

• Entrate di $362,8 milioni, in aumento del 22% anno su anno
• Fatturato di $463,4 milioni, in crescita del 22% anno su anno¹
• Reddito netto GAAP diluito per azione di $0,14
• Reddito netto non-GAAP diluito per azione cresciuto del 67% anno su anno, pari a $0,30¹
• Flusso di cassa derivante dalle attività pari a $101,0 milioni
• Flusso di cassa libero di $84,2 milioni¹
• Contanti, liquidi e investimenti pari a $1,31 miliardi²
• Reddito differito di $1,04 miliardi, in crescita del 31% anno su anno

 
Highlight dell’anno fiscale 2016

• Entrate di $1,28 miliardi, in aumento del 26% anno su anno
• Fatturato di $1,52 miliardi, in crescita del 23% anno su anno¹
• Reddito netto GAAP diluito per azione di $0,18
• Reddito netto non-GAAP diluito per azione cresciuto del 43% anno su anno, pari a $0,73¹
• Flusso di cassa derivante dalle attività pari a $345,7 milioni
• Flusso di cassa libero di $278,5 milioni¹

 
 
Milano, 7 febbraio 2017 – Fortinet® (NASDAQ: FTNT), leader globale nelle soluzioni di cybersecurity ad alte prestazioni, annuncia i risultati finanziari per il quarto trimestre 2016, chiusosi il 31 dicembre scorso
 
“Siamo particolarmente soddisfatti della chiusura positiva del 2016, che conferma il nostro significativo vantaggio tecnologico e l’incremento delle entrate”, spiega Ken Xie, fondatore, chairman e chief executive officer. “La capacità di fornire un Security Fabric esteso, solido e automatizzato, in grado di proteggere tutti i punti di una rete, dall’IoT al cloud, differenza Fortinet dal resto del mercato. Questo vantaggio tecnologico, abbinato al miglioramento delle attività commerciali, ha portato risultati particolarmente positivi nel mercato delle organizzazioni medie e grandi e ci mette in una posizione favorevole in ottica futura.”
 
Financial Highlights for the Fourth Quarter of 2016

• Revenue: Total revenue was $362.8 million for the fourth quarter of 2016, an increase of 22% compared to $296.5 million in the same quarter of 2015. Within total revenue, product revenue was $158.9 million, an increase of 10% compared to $144.8 million in the same quarter of 2015. Service revenue was $203.9 million, an increase of 34% compared to $151.8 million in the same quarter of 2015.
• Billings¹: Total billings were $463.4 million for the fourth quarter of 2016, an increase of 22% compared to $380.9 million in the same quarter of 2015.
• Deferred Revenue: Total deferred revenue was $1.04 billion as of December 31, 2016, an increase of 31% compared to $791.3 million as of December 31, 2015. Total deferred revenue increased by $100.6 million compared to $934.8 million as of September 30, 2016.
• Cash² and Cash Flow: As of December 31, 2016, cash, cash equivalents and investments were $1.31 billion, compared to $1.27 billion as of September 30, 2016. In the fourth quarter of 2016, cash flow from operations was $101.0 million compared to $68.6 million in the same quarter of 2015. Free cash flow1 was $84.2 million during the fourth quarter of 2016 compared to $60.2 million in the same quarter of 2015.
• GAAP Operating Income: GAAP operating income was $45.2 million for the fourth quarter of 2016, representing a GAAP operating margin of 12%. GAAP operating income was $12.9 million for the same quarter of 2015, representing a GAAP operating margin of 4%.
• Non-GAAP Operating Income¹: Non-GAAP operating income was $81.1 million for the fourth quarter of 2016, representing a non-GAAP operating margin of 22%. Non-GAAP operating income was $47.6 million for the same quarter of 2015, representing a non-GAAP operating margin of 16%.
• GAAP Net Income or Loss and Diluted Net Income or Loss Per Share: GAAP net income was $25.2 million for the fourth quarter of 2016, compared to GAAP net loss of $2.5 million for the same quarter of 2015. GAAP diluted net income per share was $0.14 for the fourth quarter of 2016, compared to GAAP diluted net loss per share of $0.01 for the same quarter of 2015.
• Non-GAAP Net Income and Diluted Net Income Per Share¹: Non-GAAP net income was $53.2 million for the fourth quarter of 2016, compared to non-GAAP net income of $32.4 million for the same quarter of 2015. Non-GAAP diluted net income per share was $0.30 for the fourth quarter of 2016, compared to $0.18 for the same quarter of 2015.

 
Financial Highlights for the Full Year 2016

• Revenue: Total revenue was $1.28 billion for 2016, an increase of 26% compared to $1.01 billion in 2015. Within total revenue, product revenue was $548.1 million, an increase of 15% compared to $476.8 million in 2015. Service revenue was $727.3 million, an increase of 37% compared to $532.5 million in 2015.
• Billings¹: Total billings were $1.52 billion for 2016, an increase of 23% compared to $1.23 billion in 2015.
• Cash Flow: In 2016, cash flow from operations was $345.7 million compared to $282.5 million in 2015. Free cash flow1 was $278.5 million in 2016 compared to $245.2 million in 2015.
• GAAP Operating Income: GAAP operating income was $42.9 million for 2016, representing a GAAP operating margin of 3%. GAAP operating income was $14.9 million for 2015, representing a GAAP operating margin of 1%.
• Non-GAAP Operating Income¹: Non-GAAP operating income was $193.1 million for 2016, representing a non-GAAP operating margin of 15%. Non-GAAP operating income was $133.3 million for 2015, representing a non-GAAP operating margin of 13%.
• GAAP Net Income and Diluted Net Income Per Share: GAAP net income was $32.2 million for 2016, compared to GAAP net income of $8.0 million for 2015. GAAP diluted net income per share was $0.18 for 2016, compared to $0.05 for 2015.
• Non-GAAP Net Income and Diluted Net Income Per Share¹: Non-GAAP net income was $129.5 million for 2016, compared to non-GAAP net income of $89.4 million for 2015. Non-GAAP diluted net income per share was $0.73 for 2016, compared to $0.51 for 2015.

 
¹ A reconciliation of GAAP to non-GAAP financial and liquidity measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”
 
² During the fourth quarter and year ended December 31, 2016, we repurchased $35.8 million and $110.8 million, respectively, of our common stock under our share repurchase program. During the fourth quarter and year ended December 31, 2015, we repurchased $60.0 million of our common stock under our share repurchase program.
 
 
Fortinet
Fortinet (NASDAQ: FTNT) protegge le maggiori aziende, service provider ed organizzazioni governative di tutto il mondo. Fortinet mette a disposizione dei suoi clienti una protezione avanzata e continua rispetto a superfici d’attacco sempre più vaste, oltre alla potenza necessaria per soddisfare i requisiti prestazionali in continuo aumento generati da una rete borderless – oggi e per il futuro. Solo l’architettura Security Fabric di Fortinet può offrire sicurezza senza compromessi per rispondere alle più delicate sfide di security, in ambienti di rete, applicativi, cloud o mobile. Fortinet è al primo posto nella classifica di vendite globali relativa alla maggior parte delle appliance di sicurezza e oltre 300.000 clienti a livello mondiale si affidano a Fortinet per proteggere il loro brand. Ulteriori informazioni sono disponibili su www.fortinet.com, sul Fortinet Blog o sui FortiGuard Labs.
 
 
Per informazioni:
– Sandro Buti – AxiCom Italia – Tel 02 75261111 – email: sandro.buti@axicom.com
– Massimiliano Balbi – AxiCom Italia – Tel 02 75261111 – email: massimiliano.balbi@axicom.com
– Silvia Gaspari – Fortinet – email: sgaspari@fortinet.com