Fortinet(US:FTNT)2025-05-07 20:58Financial Performance - Q1 2025 - Fortinet's Q1 2025 billings reached $1.597 billion, a 13.5% year-over-year increase[35] - The company's Q1 2025 revenue was $1.540 billion, representing a 13.8% year-over-year growth[35] - Service revenue for Q1 2025 amounted to $1.081 billion, a 14.4% increase compared to the previous year, and accounted for 70% of total revenue[35] - Non-GAAP operating income for Q1 2025 was $526.2 million, resulting in an operating margin of 34.2%[36] - Non-GAAP net income for Q1 2025 reached $452.3 million, with a diluted net income per share of $0.58[36] Cash Flow and Balance Sheet - Fortinet's Q1 2025 free cash flow was $782.8 million[40] - Deferred revenue increased to $6.42 billion[36] - Remaining Performance Obligations reached $6.49 billion[36] Geographic Revenue - Americas revenue in Q1 2025 was $629.8 million, a 13.1% year-over-year increase[39] - EMEA revenue in Q1 2025 reached $628.4 million, a 16.5% year-over-year increase[39] - APAC revenue in Q1 2025 was $281.5 million, a 9.6% year-over-year increase[39] Guidance - Fortinet projects Q2 2025 billings to be between $1.685 billion and $1.765 billion, representing a mid-point growth of 12.0%[46] - The company anticipates Q2 2025 revenue to be in the range of $1.590 billion to $1.650 billion, with a mid-point growth of 12.9%[46]