Fortinet (FTNT) Revenue — Quarter Ended Sep 30, 2024
Fortinet's revenue increased in the latest reporting period. The growth was evident when compared to both the preceding quarter and the same quarter of the prior year.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Fortinet's revenue increased in the latest reporting period. The growth was evident when compared to both the preceding quarter and the same quarter of the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+5.1%
Change from the immediately preceding quarter.
Year-over-year
+13.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.7B
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, 2023 | $1.4B | +10.3% |
| Mar 31, 2024 | $1.4B | +7.2% |
| Jun 30, 2024 | $1.4B | +10.9% |
| Sep 30, 2024 | $1.5B | +13.0% |
Revenue performance
Revenue rose sequentially and year over year, reflecting sustained business activity.
Quarterly comparison
The year-over-year increase exceeded the sequential gain, indicating stronger performance relative to the same period one year earlier.
What to watch
Monitor deferred revenue growth since the start of the fiscal year as a leading indicator of future service revenue.