Fortinet (FTNT) Revenue — Quarter Ended Dec 31, 2023
Revenue increased in the quarter, both sequentially and compared to the same period last year. The full-year trailing revenue also showed growth.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue increased in the quarter, both sequentially and compared to the same period last year. The full-year trailing revenue also showed growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+6.0%
Change from the immediately preceding quarter.
Year-over-year
+10.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.3B
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 |
|---|---|---|
| Mar 31, 2023 | $1.3B | +32.2% |
| Jun 30, 2023 | $1.3B | +25.5% |
| Sep 30, 2023 | $1.3B | +16.1% |
| Dec 31, 2023 | $1.4B | +10.3% |
Revenue performance
The reported revenue rose from the immediate prior quarter, reflecting continued demand. On a year-over-year basis, revenue also experienced growth.
Quarterly comparison
Compared to the preceding quarter, revenue improved. Against the same quarter one year earlier, revenue was also higher.
What to watch
The pace of year-over-year revenue growth has moderated over the past four quarters.