Edition:
India

Fortinet Reports Q1 Non-GAAP Earnings Per Share $0.46


Friday, 3 May 2019 

May 2 (Reuters) - Fortinet Inc ::FORTINET REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 NON-GAAP EARNINGS PER SHARE $0.46.Q1 GAAP EARNINGS PER SHARE $0.34.Q1 REVENUE $472.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF $472 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.39 -- REFINITIV IBES DATA.SEES Q2 2019 REVENUE $505 MILLION TO $515 MILLION.QTRLY BILLINGS OF $551.6 MILLION, UP 19% YEAR OVER YEAR.QTRLY DEFERRED REVENUE OF $1.77 BILLION, UP 26% YEAR OVER YEAR.SEES Q2 BILLINGS IN RANGE OF $585 MILLION TO $605 MILLION.SEES Q2 NON-GAAP GROSS MARGIN IN RANGE OF 75.5% TO 76.5%.SEES Q2 DILUTED NON-GAAP NET INCOME PER SHARE IN RANGE OF $0.49 TO $0.51.SEES FISCAL YEAR 2019 REVENUE IN RANGE OF $2.07 BILLION TO $2.10 BILLION.SEES FISCAL YEAR 2019 SERVICE REVENUE IN RANGE OF $1.34 BILLION TO $1.36 BILLION.SEES FISCAL YEAR 2019 BILLINGS IN RANGE OF $2.47 BILLION TO $2.52 BILLION.SEES FISCAL YEAR 2019 NON-GAAP OPERATING MARGIN IN RANGE OF 22.5% TO 23.5%.SEES FISCAL YEAR 2019 DILUTED NON-GAAP NET INCOME PER SHARE IN RANGE OF $2.10 TO $2.15.Q2 EARNINGS PER SHARE VIEW $0.49, REVENUE VIEW $510.6 MILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $2.08, REVENUE VIEW $2.09 BILLION -- REFINITIV IBES DATA. 

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