Fortinet (FTNT) Revenue — Quarter Ended Dec 31, 2024
Revenue increased compared with the immediately preceding three-month period and the same three-month period one year earlier. Deferred revenue also rose, indicating sustained growth in the company's subscription and support business.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue increased compared with the immediately preceding three-month period and the same three-month period one year earlier. Deferred revenue also rose, indicating sustained growth in the company's subscription and support business.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
+10.1%
Change from the immediately preceding quarter.
Year-over-year
+17.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$6B
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, 2024 | $1.4B | +7.2% |
| Jun 30, 2024 | $1.4B | +10.9% |
| Sep 30, 2024 | $1.5B | +13.0% |
| Dec 31, 2024 | $1.7B | +17.3% |
Revenue performance
The revenue gain was supported by an expansion in deferred revenue and billings, pointing to healthy demand for the company's services.
Quarterly comparison
On a sequential basis, revenue improved from the prior three-month period. On a year-over-year basis, revenue was higher than in the same three-month period a year earlier.
What to watch
Monitor deferred revenue growth as it provides visibility into future revenue streams.