Fortinet Q3 revenue climbs 20% to $2.08 billion, full-year outlook raised
Fortinet also posted billings of $2.34 billion, up 29%, and guided fourth-quarter revenue to between $2.155 billion and $2.245 billion.
Fortinet reported third-quarter revenue of $2.08 billion, up 20% from the same period a year earlier, and raised its full-year revenue outlook to 20% growth, according to dailysecu.com. The company said billings for the quarter reached $2.34 billion, an increase of 29% year over year, while product revenue grew 37%.
Fortinet lifted its full-year billings outlook for the third time this year. For the fourth quarter, the company guided revenue to a range of $2.155 billion to $2.245 billion.
The company also said it was named a Leader in the Gartner Hybrid Mesh Firewall Magic Quadrant for a second consecutive year, with a top ranking in execution ability.
New security services and partnerships
Alongside the results, Fortinet launched the FortiGuard Inline AI security service, a cloud-based offering, and FortiLink SASE, aimed at branch and remote sites.
In earlier moves, the company joined as a security partner for NVIDIA's OpenShell reference architecture for AI security, partnered with Oracle to combine FortiAIGate with OCI Enterprise AI to protect AI applications and agents, and joined Microsoft's Sovereign Partner Ecosystem to provide sovereign AI security solutions.
Quick answers
What was Fortinet's third-quarter revenue?
Fortinet reported third-quarter revenue of $2.08 billion, up 20% year over year.
What is Fortinet's fourth-quarter revenue guidance?
Fortinet guided fourth-quarter revenue to a range of $2.155 billion to $2.245 billion.
Which new products did Fortinet launch?
Fortinet launched the cloud-based FortiGuard Inline AI security service and FortiLink SASE for branch and remote sites.