Fortinet is a worldwide provider of network security appliances and the market leader in unified threat management (UTM). Our products and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the IT security infrastructure. Our customers include enterprises, service providers and government entities worldwide, including the majority of the 2010 Fortune Global 100. Fortinet’s flagship FortiGate product delivers ASIC-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. Fortinet’s broad product line goes beyond UTM to help secure the extended enterprise – from endpoints, to the perimeter and the core, including databases and applications. Fortinet is headquartered in Sunnyvale, Calif., with offices around the world.
Company Growth (employees)
Sunnyvale, US
Size (employees)
4,665 (est)+17%
Fortinet was founded in 2000 and is headquartered in Sunnyvale, US

Key People at Fortinet

Ken Xie

Ken Xie

Founder, Chairman of the Board, and Chief Executive Officer (CEO)
Andrew Del Matto

Andrew Del Matto

Chief Financial Officer (CFO)
Keith Jensen

Keith Jensen

Chief Accounting Officer (CAO)
Patrice Perche

Patrice Perche

Sr. Executive Vice President, Worldwide Sales and Support
John Maddison

John Maddison

Sr. Vice President, Products and Solutions
Lisa McGill

Lisa McGill

Sr. Vice President of People
John Whittle

John Whittle

Vice President, Corporate Development and Strategic Alliances, General Counsel
Michael Xie

Michael Xie

Founder, President, and Chief Technology Officer (CTO)

Fortinet Office Locations

Fortinet has offices in Sunnyvale, Sunrise, Valbonne, Kuala Lumpur and in 41 other locations
Sunnyvale, US (HQ)
899 Kifer Rd
Bangkok, TH
999/9 Rama 1 Road
Rochester, US
1200 Brooks Ave
Singapore, SG
The Concourse
Johor Bahru, MY
1 Jalan Indah 5/20
Kuala Lumpur, MY
Menara Keck Seng 203 Jalan Bukit Bintang
Bengaluru, IN
MG Road
Hong Kong, HK
1508 Cityplaza Phase 3 14 Tai Koo Wan Rd
Sydney, AU
10 2 Loftus St
London, GB
120 Old Broad St
Utrecht, NL
100 Papendorpseweg
Dietlikon, CH
8 Riedmühlestrasse
Stockholm, SE
2 Blekholmsgatan
Alcobendas, ES
2b 24 Av. de Europa
Al Jubail, SA
Oslo, NO
1 Filipstad Brygge
Vimercate, IT
Torre Tiglio 6 Via Torri Bianche
Roma, IT
119 Via del Casale Solaro
Herzliya, IL
6 Hahoshlim St
Dublin, IE
28 Pembroke Street Upper
Neu-Isenburg, DE
175-181 Frankfurter Str.
Frankfurt am Main, DE
35 Feldbergstraße
Seillons-Source-d'Argens, FR
Espoo, FI
16 Keilaranta
Hellerup, DK
12 Tuborg Blvd.
Prague, CZ
Pekařská A33 Upolínová
Machelen, BE
5 Pegasuslaan
Wien, AT
7 Wienerbergstraße
Colonia Juárez, MX
Paseo de la Reforma
Ottawa, CA
1826 Robertson Rd
Burnaby, CA
400 4190 Still Creek Dr
Sunrise, US
430 13450 W Sunrise Blvd
Reston, US
140 12005 Sunrise Valley Dr
New York, US
4400 1 Pennsylvania Plaza
Kuala Lumpur, MY
30 Jalan Sultan Ismail
Valbonne, FR
Orange Labs 905 Rue Albert Einstein
Sunrise, US
430 13450 W Sunrise Blvd

Fortinet Metrics

Fortinet Financial Metrics

Revenue (2016)

$1.3 b

Revenue growth (2015-16), %


Gross profit

$937.6 m

Gross profit margin (2016), %


Net income (2016)

$32.2 m

Market capitalization (21-Mar-2017)

$6.4 b

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$709 m
Fortinet's current market capitalization is $6.4 b.
Fortinet's revenue was reported to be $1.3 b in FY, 2016 which is a 26.4% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016


$615.3 m$770.4 m$1 b$1.3 b

Revenue growth, %


Cost of goods sold

$180.6 m$231 m$286.8 m$337.8 m

Gross profit

$434.7 m$539.4 m$722.5 m$937.6 m

Gross profit Margin, %


Operating expense total

$362.6 m$480 m$707.6 m$894.7 m


$72.1 m$59.3 m$14.9 m$42.9 m

EBIT margin, %


Interest income

$5.3 m$5.4 m$5.3 m$7.3 m

Pre tax profit

$75.9 m$61.5 m$17 m$43.1 m

Income tax expense

$31.7 m$36.2 m$9 m$11 m

Net Income

$44.3 m$25.3 m$8 m$32.2 m
FY, 2013FY, 2014FY, 2015FY, 2016


$115.9 m$283.3 m$543.3 m$709 m

Accounts Receivable


$14.1 m$31.1 m$35.8 m$33.3 m

Current Assets

$735.5 m$1 b$1.3 b$1.5 b


$2.9 m$2.8 m$4.7 m$14.6 m

Total Assets

$1.2 b$1.4 b$1.8 b$2.1 b

Accounts Payable

$35.6 m$49.9 m$61.5 m$56.7 m

Current Liabilities

$413.1 m$496.5 m$678.7 m$829.4 m

Additional Paid-in Capital

$462.6 m$562.5 m$687.7 m$800.7 m

Retained Earnings

$121.9 m$113.6 m$68.5 m$37.6 m

Total Equity

$585.8 m$755.4 m$837.7 m

Financial Leverage

2 x2.4 x2.6 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$44.3 m$25.3 m$8 m$32.2 m

Depreciation and Amortization

$15.6 m$22 m$31.6 m$48.5 m

Accounts Receivable


($907 k)($16 m)($2.6 m)$2.6 m

Accounts Payable

$10.5 m$18 m($2.5 m)$39 k

Cash From Operating Activities

$147.4 m$196.6 m$282.5 m$345.7 m

Purchases of PP&E

($13.9 m)($32.2 m)($37.4 m)($67.2 m)

Cash From Investing Activities

($146.7 m)($29.4 m)($967 k)($74.1 m)

Fortinet Market Value History

Fortinet Median Salaries

Source: 268 public H-1B filings from Fortinet

Fortinet Online Presence

Fortinet News

Fortinet Company Life

You may also be interested in