Fortinet Increases Revenue Growth Momentum and Leads the Security Appliance Industry in Shipments
June 27 2017 - 9:00AM
John Maddison, senior vice president of
products and solutions at Fortinet “Adoption of the
Fortinet Security Fabric continues to drive market share growth and
maintains Fortinet’s leadership position in the industry. Our
ability to provide a broad, powerful and automated Security Fabric
that protects all points in the network – from IoT to cloud,
physical and virtual networks, wired and wireless environments –
provides our customers with the comprehensive threat protection
they need today and for the future.”
News Summary: Fortinet®
(NASDAQ:FTNT), the global leader in high-performance cybersecurity
solutions, today announced the results from International Data
Corporation’s (IDC) latest Worldwide Quarterly Security Appliance
Tracker. The 2017Q1 and historical report data reinforces
Fortinet’s continued leadership within the security industry by
consistently shipping the most security appliances in the industry
and demonstrating double-digit revenue growth. The market snapshot
highlights Fortinet as the fastest growing major Security Appliance
vendor.
The IDC tracker details indicate that Fortinet
realized 21% revenue growth in security appliances year-over-year,
far outpacing the industry average of 9%. Fortinet also saw first
quarter 2017 appliance shipments increase by 30% year-over-year,
earning 27% unit market share for the quarter. Fortinet has shipped
more units in 2017 than the next two competitors combined and
widens its unit market share leadership by an additional 4% since
the 2016Q4 tracker was published.
Fortinet Units Shipped vs. The Next Closest
Competitor |
2014 |
2015 |
2016 |
2017Q1 |
Combined |
159 |
% |
181 |
% |
209 |
% |
191 |
% |
185 |
% |
(Source: IDC Worldwide Security Appliance Tracker,
2017Q1) |
Additional Resources
- Please visit the Fortinet homepage for more details.
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- Join the conversation on the Fortinet blog.
About FortinetFortinet
(NASDAQ:FTNT) secures the largest enterprise, service provider, and
government organizations around the world. Fortinet empowers its
customers with intelligent, seamless protection across the
expanding attack surface and the power to take on ever-increasing
performance requirements of the borderless network - today and into
the future. Only the Fortinet Security Fabric architecture can
deliver security without compromise to address the most critical
security challenges, whether in networked, application, cloud or
mobile environments. Fortinet ranks #1 in the most security
appliances shipped worldwide and more than 310,000 customers trust
Fortinet to protect their businesses. Learn more
at http://www.fortinet.com, the Fortinet Blog, or FortiGuard
Labs.
FTNT-O
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Notwithstanding anything to the contrary herein, nothing herein
constitutes a warranty, guarantee, binding specification or other
binding commitment by Fortinet, and performance and other
specification information herein may be unique to certain
environments. This news release contains forward-looking statements
that involve uncertainties and assumptions, such as statements
regarding sales momentum. Changes of circumstances, product release
delays, or other risks as stated in our filings with the Securities
and Exchange Commission, located at www.sec.gov, may cause results
to differ materially from those expressed or implied in this press
release. If the uncertainties materialize or the assumptions prove
incorrect, results may differ materially from those expressed or
implied by such forward-looking statements and assumptions. All
statements other than statements of historical fact are statements
that could be deemed forward-looking statements. Fortinet assumes
no obligation to update any forward-looking statements, and
expressly disclaims any obligation to update these forward-looking
statements.
Media Contact:
Dan Mellinger
Fortinet, Inc.
415-572-0216
dmellinger@fortinet.com
Investor Contact:
Kelly Blough
Kelly Blough
Fortinet, Inc.
408-235-7700 x 81612
kblough@fortinet.com
Analyst Contact:
Ron Davis
Fortinet, Inc.
415-806-9892
rdavis@fortinet.com
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