Fortinet revenue rises on higher demand for security software
July 30 (Reuters) - Fortinet Inc reported better-than-expected quarterly revenue, helped mainly by increased demand for its network security software from large U.S. enterprises.
The company, a maker of firewalls, antivirus software and tools to speed up data across networks, said second-quarter net income fell to $9 million, or 5 cents per share, from $14 million, or 8 cents per share, a year earlier.
Excluding items, it earned 10 cents per share, meeting analysts' estimates, according to Thomson Reuters I/B/E/S.
Revenue rose 14 percent to $147.4 million, above analysts' expectation of $142.7 million.