Fortinet, Inc. (FTNT) Q3 2022 Earnings Call Transcript

Fortinet, Inc. (NASDAQ:FTNT) Q3 2022 Earnings Conference Call November 2, 2022 4:30 PM ET

Company Participants

Peter Salkowski – Vice President of Investor Relations

Ken Xie – Founder, Chairman and Chief Executive Officer

Keith Jensen – Chief Financial Officer

Conference Call Participants

Fatima Boolani – Citi

Saket Kalia – Barclays

Hamza Fodderwala – Morgan Stanley

Rob Owens – Piper Sandler

Shaul Eyal – Cowen

Brad Zelnick – Deutsche Bank

Madeline Brooks – Bank of America

Keith Bachman – BMO

Gregg Moskowitz – Mizuho

Adam Tindle – Raymond James

Michael Turits – KeyBanc

Operator

Fortinet’s Third Quarter Earnings Conference Call. At this time, all participants are in the listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

And without further ado, I will now hand the conference over to your first speaker, Peter Salkowski, Vice President of Investor Relations at Fortinet. Peter, please go ahead.

Peter Salkowski

Thank you, Eric. Good afternoon, everyone. This is Pete Salkowski, Vice President of Investor Relations at Fortinet. I am pleased to welcome everyone to our call to discuss Fortinet’s fiscal results for the third quarter of 2022. Speakers on today’s call are Ken Xie, Fortinet’s Founder, Chairman and CEO; and Keith Jensen, our Chief Financial Officer. It’s a live call that will be available for replay via webcast on our Investor Relations website.

Ken will begin today’s call by providing a high-level perspective on our business, then follow our – with a review of our financial and operating for the third quarter, providing guidance for the fourth quarter and updating the full year. We’ll then open the call for questions. During the Q&A, we ask that you please limit yourself to one question and one follow-up question to allow others to participate.

Before we begin, I’d like to remind everyone that on today’s call, we will be making forward-looking statements, and these forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those projected. Please refer to our SEC filings, in particular, the risk factors in our most recent 10-K and Form 10-Q for more information.

All forward-looking statements reflect our opinions only as of the date of this presentation, and we undertake no obligation and specifically disclaim any obligation to update forward-looking statements. Also, all references to financial metrics that we make on today’s call are non-GAAP, unless stated otherwise. Our GAAP results and our GAAP to non-GAAP reconciliations are located in our earnings press release and in the presentation that accompany today’s remarks, both of which are posted on the Investor Relations website.