Fortinet (FTNT) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter rose compared to the prior quarter and was significantly higher than the same period last year, reflecting continued business growth.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter rose compared to the prior quarter and was significantly higher than the same period last year, reflecting continued business growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
+3.2%
Change from the immediately preceding quarter.
Year-over-year
+16.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $1.3B | +33.1% |
| Mar 31, 2023 | $1.3B | +32.2% |
| Jun 30, 2023 | $1.3B | +25.5% |
| Sep 30, 2023 | $1.3B | +16.1% |
Revenue performance
The sequential increase was moderate, while the year-over-year gain remained strong, sustaining a multi-quarter upward trend.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved modestly. Versus the same quarter one year earlier, revenue showed a substantial increase.
What to watch
The company continues to face risks from supply chain constraints and uncertain macroeconomic conditions that could affect future performance.