May 3, 2018 / 8:27 PM / 3 months ago

Fortinet quarterly profit surges

May 3 (Reuters) - Fortinet Inc said on Thursday quarterly profit surged, as the cybersecurity company benefited from higher demand for its security products and services business.

Net income rose to $41.6 million or 24 cents per share in the first quarter ended March 31, from $10.7 million or 6 cents per share, last year.

Total revenue rose to $399 million from $340.6 million.

The company had restructuring charges of $430,000 in the year-ago quarter. (Reporting by Laharee Chatterjee in Bengaluru)

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