Fortinet announces strong revenue growth

Fortinet Australia has released its financial results for the fourth quarter of 2008 and the fiscal year ending December 28, 2008.

The company increased fourth quarter 2008 revenues by 35 percent to $59 million and billings by 31 percent to $73 million, compared to the fourth quarter of 2007.

It also increased fiscal year 2008 revenues by 36 percent to $212 million and billings by 30 percent to $252 million year over year.

"We are very excited about the opportunity in front of us here at Fortinet," said Charlie Cote country manager A/NZ, Fortinet (pictured).

"As we begin our Q1 Roadshow, it is an exciting time to share our story and value proposition both to the channel and customers.

"Fortinet Australia has experience in excess of 50 percent growth quarter on quarter and year on year for the last two years. That said, it is now that we need to roll up our sleeves and work harder and smarter to ensure we continue to take market share from our competition," he added.

To meet increasing market demand for its solutions, the company grew employee headcount by 14 percent in 2008, closing the year with more than 1,100 employees.

Cote added that although spending for critical security technology is not discretionary, defined and measurable value and ROI have become a business imperative for both network integrity and the bottom line.

The remainder A/NZ FortiPartner Roadshow 2009 dates are:

Auckland, Rydges Hotel, Cnr Federal & Kingston Streets, Auckland, March 3rd (Tuesday) 12:30 - 2:30pm Technical, 3:00 - 7:00pm Sales & Marketing

Melbourne, Rydges Hotel, 186 Exhibition Street, Melbourne VIC 3000, March 10th (Tuesday) 12:30 - 2:30pm Technical, 3:00 - 7:00pm Sales & Marketing

Sydney, Rydges World Square, 389 Pitt Street, Sydney NSW 2000, March 12th (Thursday) 12:30 - 2:30pm Technical, 3:00 - 7:00pm Sales & Marketing

Perth, Rydges Hotel, cnr Hay & King St's, Perth WA 6000, March 17th (Tuesday)12:30 - 2:30pm Technical, 3:00 - 7:00pm Sales & Marketing.