Fortinet reported strong financial results for Q2 2025, with revenue reaching $1.63 billion and adjusted earnings per share of 64 cents, surpassing analyst expectations. Despite this success, the stock price fell over 16% due to cautious forecasts. Key growth areas included a 22% increase in annual recurring revenue from the Unified SASE solution and a 35% rise in ARR for Security Operations. Fortinet's FortiCloud platform was expanded with three new integrated services, and the company is increasing its presence in environments that merge operational technology and information technology.
Fortinet reported revenue of $1.63 billion, up 14 percent year-on-year, while adjusted earnings per share came in at 64 cents, exceeding analysts' expectations of 59 cents.
Annual recurring revenue from Fortinet's Unified SASE solution rose 22 percent, while ARR for Security Operations increased 35 percent, indicating strong product performance.
Fortinet expanded its FortiCloud platform with three new services: FortiIdentity, FortiDrive, and FortiConnect, enhancing security management and collaboration capabilities.
Fortinet showed increased adoption of network security solutions in industrial environments, driven by recognition of its position in the IT/OT convergence market.
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