Fortinet beats by $0.08, reports revs in-line; guides Q1 EPS below consensus, revs in-line; guides FY22 EPS above consensus, revs above consensus
- Reports Q4 (Dec) earnings of $1.23 per share, excluding non-recurring items, $0.08 better than the S&P Capital IQ Consensus of $1.15; revenues rose 28.8% year/year to $963.6 mln vs the $961.56 mln S&P Capital IQ Consensus.
- Product revs increased 31.4% yr/yr to $378.9 mln.
- Service revs increased 27.2% yr/yr to 584.7 mln.
- Total billings increased 35.9% yr/yr to $1.31 bln.
- Total bookings increased 48.7% yr/yr to $1.43 bln.
- Co issues guidance for Q1, sees EPS of $0.75-0.80, excluding non-recurring items, vs. $0.94 S&P Capital IQ Consensus; sees Q1 revs of $865-895 mln vs. $873.32 mln S&P Capital IQ Consensus.
- Co issues upside guidance for FY22, sees EPS of $4.85-5.00, excluding non-recurring items, vs. $4.60 S&P Capital IQ Consensus; sees FY22 revs of $4.275-4.325 bln vs. $3.98 bln S&P Capital IQ Consensus