Investor Presentaiton
FortiGate and Non-FortiGate Fabric Billings
$1B+ Non-FortiGate Business in 2021
$ in Millions
W
II
m
$2,153
2018
25%
24% CAGR
$2,603
$3,090
+39%
y/y
28%
~$4,065
CAGR (2018 to 2021E)
Non-FG Fabric
39%
+~44%
y/y
-30%
FortiGate
21%
(1)
2019
2020
2021E
FortiGate
Non-FG Fabric
Non-FG Other
2018
2-YR
2020 CAGR
Cloud
$124M
Non-FG Fabric $276M
$237M
$505M
38%
35%
O Fortinet, Inc. All Rights Reserved.
(1) Based on the midpoint of 2021 guidance provided on November 4, 2021. 2021E FortiGate and Non-FortiGate split based on Q3'21 YTD percentages.
Note: Total Billings is a non-GAAP financial measure, further categorization is derived from invoiced amounts. See Appendix for reconciliation of the non-GAAP financial measure to the most comparable GAAP financial measure.
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