Gartner Peer Insights Customers’ Choice: Fortinet has also been recognized as a 2018 Gartner Peer Insights Customers’ Choice for Enterprise Network Firewalls and a 2018 Gartner Peer Insights Customers’ Choice for Unified Threat Management.**.
Gartner Magic Quadrants: Fortinet has recently been recognized in three Gartner Magic Quadrants as a Leader in the Magic Quadrant for Enterprise Network Firewalls for the second time, as a Leader in the Magic Quadrant for Unified Threat Management (SMB Multifunction Firewalls) for the ninth time, and is positioned furthest for completeness of vision in the Challengers quadrant of the first Magic Quadrant for WAN Edge Infrastructure.* Fortinet has appeared in seven Gartner Magic Quadrants* over the last twelve months.
Fortinet is well positioned to empower our customers with the latest evolution in network security and we are excited about the sizable opportunities that lie ahead." “Organically built from the ground up, our Security Fabric platform provides a broad set of security capabilities with exceptional integration and automation, for both on-premise and cloud deployment. Our market share gains are being driven by the competitive advantages associated with our highly differentiated Security Fabric platform,” said Ken Xie, Founder, Chairman and Chief Executive Officer. “We delivered strong third quarter financial results. 01, 2018 (GLOBE NEWSWIRE) - Fortinet® (Nasdaq: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced financial results for the third quarter ended September 30, 2018.
Cash flow from operations of $176.7 million.
Deferred revenue of $1.54 billion, up 27% year over year.
Billings of $527.5 million, up 22% year over year 1.
Product revenue of $164.5 million, up 20% year over year.
Revenue of $453.9 million, up 21% year over year.
Security Fabric Platform Drives Strong Year-Over-Year Growth in Third Quarter 2018 Billings, Revenue and Operating Margin
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