Fortinet, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 03, 2022 at 04:09 pm EDT
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Fortinet, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 1,030.1 million compared to USD 801.1 million a year ago. Net income was USD 173.5 million compared to USD 137.5 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to USD 0.16 a year ago.
For the six months, revenue was USD 1,984.9 million compared to USD 1,511.4 million a year ago. Net income was USD 311.9 million compared to USD 244.7 million a year ago. Basic earnings per share from continuing operations was USD 0.39 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.38 compared to USD 0.29 a year ago.
Fortinet, Inc. specializes in the creation, development and marketing of integrated cybersecurity software and equipment for the protection of networks and information systems infrastructures as well as for the protection of company and government data.
Net sales break down by revenue source into sales of services (59.7%) and products (40.3%).
Net sales are distributed geographically as follows: the United States (30%), Americas (10.4%), Europe/Middle East/Africa (38.3%) and Asia/Pacific (21.3%).