Fortinet Reports Second Quarter 2011 Financial Results
· Revenues of $103.0 million, up 35% year over year1 · Billings of $110.2 million, up 22% year over year · GAAP EPS and Non-GAAP EPS of $0.092 · Cash and investments of $468.5 million, with no debt · Free cash flow of $33.3 million, up 99% year over year · GAAP net income of $14.5 million, up 111% year over year · Non-GAAP net income of $15.3 million, up 88% year over yearSUNNYVALE, Calif. - July 19, 2011 - Fortinet® (NASDAQ: FTNT) - a leading network security provider and the worldwide leader in unified threat management (UTM) solutions - today announced financial results