Fortinet continued its double-digit growth story as it announced its financial results for the fourth quarter and full year ended December 31, 2015.
The total revenue was $296.5 million for the fourth quarter of 2015, an increase of 32% compared to $224.0 million in the same quarter of 2014. Translating the growth in numbers for whole year, Fortinet clocked an revenue to the tune of 1.01 billion for 2015, an increase of 31% compared to $770.4 million in 2014.
“Fortinet’s solid fourth quarter results help close a strong year, highlighted by our ability to achieve, for the full year, 37% billings growth and reach more than $1 billion in billings and revenue. Very few companies have achieved this type of growth at Fortinet’s scale and it is due to our strong technology advantage and early returns on our customer acquisition and expansion strategy. With cyber security remaining at the forefront of enterprise IT priorities, Fortinet is well-positioned to grow and gain global market share in 2016 and beyond.” said Ken Xie, founder, chairman and CEO at Fortinet.