Fortinet, today reported a total revenue of $453.9 million for the third quarter of 2018, an increase of 21% compared to $374.2 million in the same quarter of 2017. The company also reported an increase 20% in its product revenue, while services fared better than products as they clocked 22% growth during the same period. And, the company is looking to close the Q4 in the range of $490-500 million
“We delivered strong third quarter financial results. Our market share gains are being driven by the competitive advantages associated with our highly differentiated Security Fabric platform,” said Ken Xie, Founder, Chairman and Chief Executive Officer. “Organically built from the ground up, our Security Fabric platform provides a broad set of security capabilities with exceptional integration and automation, for both on-premise and cloud deployment. Fortinet is well positioned to empower our customers with the latest evolution in network security and we are excited about the sizable opportunities that lie ahead.”