Fortinet beats by $0.02, beats on revs
Reports Q2 (Jun) earnings of $0.11 per share, $0.02 better than the Capital IQ Consensus Estimate of $0.09; revenues rose 30.3% year/year to $239.8 mln vs the $227.61 mln consensus.
FTNT reports Q2 billings rose 40% y/y to $297 mln, Guidance was in the range of $263-268 mln.
Total deferred revenue was $657.6 million as of June 30, 2015, an increase of $57.4 million from $600.2 million as of March 31, 2015.
FTNT will guide shortly in a presentation.