February 6, 2019 at 4:15 PM EST
Fortinet Reports Fourth Quarter and Full Year 2018 Financial Results
Fourth Quarter 2018 Highlights
Revenue of $507.0 million, up 22% year over year
Billings of $649.2 million, up 22% year over year1
GAAP operating margin of 17%
?Non-GAAP operating margin of 26%1
GAAP diluted net income per share of $1.04
Non-GAAP diluted net income per share of $0.591
Cash flow from operations of $180.2 million
Free cash flow of $168.6 million1
$92.0 million in share repurchases
Full Year 2018 Highlights
Revenue of $1.80 billion, up 20% year over year
Billings of $2.15 billion, up 20% year over year1
Deferred revenue of $1.69 billion, up 26% year over year
GAAP operating margin of 13%
Non-GAAP operating margin of 22%1
GAAP diluted net income per share of $1.91
Non-GAAP diluted net income per share of $1.841
Cash flow from operations of $638.9 million
Free cash flow grew 28% year over year to $585.9 million1
$209.1 million in share repurchases
Fortinet Reports Fourth Quarter and Full Year 2018 Financial Results | Fortinet, Inc.
