Reuters logo
Fortinet profit up 30 pct, shares rise
January 30, 2013 / 9:30 PM / 5 years ago

Fortinet profit up 30 pct, shares rise

Jan 30 (Reuters) - Network security products maker Fortinet Inc posted a 30 percent jump in profit on higher product and services revenue.

Net income rose to $21.5 million, or 40 cents per share in the fourth quarter, from $16.5 million, or 10 cents per share, a year earlier.

Excluding items, the company earned 17 cents per share.

Revenue jumped 25 percent to $151.2 million.

Shares of the company were up 15 percent in extended trading, after closing at $19.35 on Wednesday on the Nasdaq.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below