Fortinet Management Discusses Q1 2013 Results - Earnings Call Transcript

Apr. 30, 2013 11:10 PM ETFortinet, Inc. (FTNT) StockFTNT
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Q1: 2013-04-30 Earnings Summary

EPS of $0.02 misses by $0.00
 | Revenue of $135.82M (15.84% Y/Y) beats by $694.66K

Fortinet (NASDAQ:FTNT) Q1 2013 Earnings Call April 30, 2013 4:30 PM ET

Executives

Michelle Spolver - Vice President of Corporate Communications & Investor Relations
Ken Xie - Co-Founder, Chairman, Chief Executive Officer and President
Ahmed Rubaie - Chief Operating Officer and Chief Financial Officer

Analysts

Keith Weiss - Morgan Stanley, Research Division
Sterling P. Auty - JP Morgan Chase & Co, Research Division
Brent Thill - UBS Investment Bank, Research Division
Tal Liani - BofA Merrill Lynch, Research Division
Michael Turits - Raymond James & Associates, Inc., Research Division
Priya Parasuraman - Wells Fargo Securities, LLC, Research Division
Rohit N. Chopra - Wedbush Securities Inc., Research Division
Shaul Eyal - Oppenheimer & Co. Inc., Research Division
Fatima Boolani - Jefferies & Company, Inc., Research Division
John Weidemoyer

Operator

Good day, ladies and gentlemen, and welcome to the Fortinet First Quarter 2013 Earnings Announcement. [Operator Instructions] Today's conference is being recorded. I would now like to turn the call over to Michelle Spolver.

Michelle Spolver

Thank you. Good afternoon, and thank you for joining us on this conference call to discuss Fortinet's financial and operating results for the first quarter of 2013. Joining me today are Ken Xie, Fortinet's Founder, President and CEO; and Ahmed Rubaie, our recently appointed CFO and COO. This is Ahmed's first conference call with Fortinet, and we welcome him to our company and look forward to his contributions as we work to execute against the company's strategic growth initiatives.

In terms of the structure of the call, I will begin by providing a quick summary of our key first quarter financial metrics, then turn the call over to Ken who will provide perspective on the market and our business and product highlights. Ahmed will then review our operating results, along with some thoughts on our outlook for the second quarter

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