Colombia. Fortinet released its overall financial results for the fourth quarter of 2015 and fiscal year ended December 31, 2015.
"Fortinet's results during the fourth quarter of 2015 helped close the year very strongly. The company achieved total 37% growth in revenue during fiscal 2015 and reached more than $1 billion in turnover and revenue," said Ken Xie, founder, chairman and CEO of Fortinet.
"Very few companies have achieved this level of growth and it is due to our strong technology advantage and early returns due to our customers' acquisitions and expansion strategy. With cybersecurity as a priority on the IT business front, Fortinet is very well positioned to continue to grow and gain market share in 2016 and beyond," Xie said.
Summary of results for the fourth quarter 2015
- • Turnover of $380.9 million, an annual increase of 35%
- • Revenue of $296.5 million, an annual increase of 32%
- • Diluted Non-GAAP net income per share of $0.181
- • Cash flow from operations of $68.6 million
- • Free cash flow of $60.2 million
- • Cash, cash equivalents and investments of $1160 million
- • Deferred revenue of $791.3 million, an annual increase of 42%
Summary of total results 2015
- • Turnover of $1230 million, an annual increase of 37%
- • Revenue of $1010 million, an annual increase of 31%
- • Diluted Non-GAAP net income per share of $0.511
- • Cash flow from operations of $282.5 million
- • Free cash flow of $245.2 million


