Fortinet(FTNT) - 2025 Q1 - Quarterly Results

• Total revenue of $1.54 billion, up 14% year over year • Product revenue of $459 million, up 12% year over year • Billings of $1.60 billion, up 14% year over year 1 • Unified SASE ARR up 26% and Security Operations ARR up 30%, year over year 2 2 • Record first quarter GAAP operating margin of 29% • Record first quarter Non-GAAP operating margin of 34% 1 • Record Cash flow from operations of $863 million • Record Free cash flow of $783 million 1 • Revenue: Total revenue was $1.54 billion for the first quart ...