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Fortinet(FTNT) - 2014 Q4 - Earnings Call Presentation
2025-06-24 10:14
Q4 2014 Financial Performance - Fortinet's Q4 2014 billings reached $283 million, a 35% year-over-year increase compared to $210 million in Q4 2013[3] - The company's Q4 2014 revenue was $224 million, representing a 26% increase from $177 million in Q4 2013[3] - Fortinet's deferred revenue increased by 29% year-over-year, reaching $559 million in Q4 2014 compared to $433 million in Q4 2013[3] - Cash and investments reached $992 million in Q4 2014, compared to $843 million in Q4 2013[19] Full Year 2014 Financial Performance - Fortinet's full year 2014 billings totaled $896 million, a 31% increase compared to $684 million in 2013[22] - The company's full year 2014 revenue was $770 million, a 25% increase from $615 million in 2013[22] - Fortinet generated $164 million in free cash flow for the full year 2014, a 23% increase from $134 million in 2013[22] Revenue Segmentation and Growth - Americas revenue reached $91.6 million in Q4 2014, a 9% increase year-over-year[16] - EMEA revenue reached $85.2 million in Q4 2014, a 43% increase year-over-year[16] - APAC revenue reached $47.2 million in Q4 2014, a 23% increase year-over-year[16] Q1 2015 and Full Year 2015 Guidance - The company projects Q1 2015 billings to be between $226 million and $230 million, representing a 22% year-over-year growth[24] - Fortinet anticipates Q1 2015 revenue to be between $200 million and $205 million, representing a 20% year-over-year growth[24] - The company forecasts full year 2015 billings to be between $1065 billion and $1080 billion, representing a 20% year-over-year growth[24] - Fortinet projects full year 2015 revenue to be between $915 million and $925 million, representing a 20% year-over-year growth[24]
Fortinet(FTNT) - 2015 Q4 - Earnings Call Presentation
2025-06-24 10:14
Financial Performance - Q4 2015 - Billings reached $381 million, a 35% year-over-year increase compared to $283 million in Q4 2014[7] - Revenue increased to $297 million, a 32% year-over-year growth from $224 million in Q4 2014[7] - Non-GAAP gross margin improved to 74%, a 2% percentage point increase from 72% in Q4 2014[7] - Non-GAAP operating income grew to $48 million, a 29% increase from $37 million in Q4 2014[7] - Deferred revenue increased significantly to $791 million, a 42% rise from $559 million in Q4 2014[7] - Free cash flow showed substantial growth, reaching $60 million, a 101% increase from $30 million in Q4 2014[7] Financial Performance - Full Year 2015 - Billings for the full year 2015 reached $1.232 billion, a 37% increase compared to $896 million in 2014[27] - Revenue for the full year 2015 was $1.009 billion, a 31% increase from $770 million in 2014[27] Revenue Diversification - Americas contributed 33% of the total revenue[18] - EMEA accounted for 41% of the total revenue[16] - APAC generated 26% of the total revenue[18]