Investing.com -- Fortinet Inc (NASDAQ:FTNT) reported fourth-quarter earnings that topped Wall Street estimates with company posted per share earnings of $0.74, versus analysts’ expectations of $0.61. Revenue for the quarter came in at $1.66 billion, above the consensus estimate of $1.59 billion. Shares of Fortinet were were up more than 8% in after-hours trading.

For the first quarter of 2025, Fortinet forecast EPS of $0.52 to $0.54, compared with analysts' expectations of $0.53. The company expects revenue in the range of $1.5 billion to $1.56 billion, versus the consensus estimate of $1.53 billion.

For the full year 2025, Fortinet projected EPS between $2.41 and $2.47, in line with Wall Street’s estimate of $2.42. It expects annual revenue between $6.65 billion and $6.85 billion, slightly above the consensus of $6.63 billion.

Fortinet reported an adjusted operating margin of 39% for the quarter, while its operating margin stood at 35%.

“In the fourth quarter, we successfully balanced growth and profitability as our non-GAAP operating margin increased 720 basis points year-over-year to a company record of 39%, while revenue grew 17%,” said Ken Xie, Chief Executive Officer.

Additionally Fortinet in its 8K filing disclosed that CFO Keith Jensen will retire on May and the company has appointed Christiane Ohlgart as his successor.

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