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.
Fortinet: Q3 and FY15 Outlook- Guides lower on Q2 EPS, Above on Revs; Raises FY15 revenue outlook
- Q2
Q2 EPS approx $0.12 , $0.14 Capital IQ consensus
Q2 Revenue $255-260 mln , $235.14 mln Capital IQ consensus
Q2 Gross Margin 70-71%
Q2 Operating Margin approx 12%
Q2 Billings $285-295 mln
- FY15
FY15 EPS- Reaffirms $0.51-0.52 vs $0.51 Capital IQ Consensus;
FY15 Revenues- Raised to $935-940 mln from $915-925 mln vs $943.65 mln Capital IQ Consensus;
FY15 Bookings- Raised to $1.20-1.21 bln from $935-940 mln
FY15 Operating Margin- Reaffirms Approx 14%.