Investor Presentaiton
Improving Product and Service Gross Profit
Multiple High-Margin Service Contracts Attach to Core Products
$ in Millions
W
II
m
$1,373
$391
$982
72%
2018
~$2,568
I
23% CAGR
|
$2,048
I
|
|
1
I
$1,678
|
$570
I
I
1
I
|
Product Gross Profit
|
|
I
|
Service Gross Profit
I
|
I
$1,478
72%
1
I
|
|
I
2019
2020
2021E (1)
O Fortinet, Inc. All Rights Reserved.
(1) Based on the midpoint of 2021 revenue and gross margin guidance provided on November 4, 2021. The calculated gross profit guidance is $2,540M at the low-end and $2,596M at the high-end.
Note: All data on the provided slide are Non-GAAP. Non-GAAP Gross profit is a non-GAAP financial measure. See Appendix for reconciliation of the non-GAAP financial measures to the most comparable GAAP financial measures.
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