Fortinet, Inc. (FTNT) Q1 2023 Earnings Call Transcript

Fortinet, Inc. (NASDAQ:FTNT) Q1 2023 Earnings Conference Call May 4, 2023 4:30 PM ET

Company Participants

Peter Salkowski - Senior Vice President of Finance and Investor Relations

Ken Xie - Founder, Chairman of the Board, and Chief Executive Officer

Keith Jensen - Chief Financial Officer

Conference Call Participants

Brian Essex - JP Morgan

Gabriela Borges - Goldman Sachs

Fatima Boolani - Citibank

Saket Kalia - Barclays

Shaul Eyal - TD Cowen

Rob Owens - Piper Sandler

Adam Borg - Stifel

Ittai Kidron - Oppenheimer

Angie Song - Morgan Stanley

Tal Liani - Bank of America

Andrew Nowinski - Wells Fargo

Shrenik Kothari - Baird

Operator

Good day and thank you for standing by. Welcome to the Fortinet's First Quarter 2023 Earnings Announcement Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Pleased be advised that today's conference is being recorded.

I would now like to hand the conference over to Peter Salkowski. Go ahead.

Peter Salkowski

Thank you, Chris. Good afternoon, everyone. This is Peter Salkowski, Senior Vice President of Finance and Investor Relations at Fortinet. I'm pleased to welcome everyone to our call to discuss Fortinet's financial results for the first quarter of 2023.

Speakers on today's call are Ken Xie, Fortinet's Founder, Chairman and CEO; and Keith Jensen, our Chief Financial Officer. This is a live call that will be available for replay via webcast on our Investor Relations website. Ken will begin the call today by providing a high-level perspective on our business. Keith will then review our financial and operating results for the first quarter of 2023 before providing guidance for the second quarter of 2023 and updating the full-year. We'll then open the call for questions.

During the Q&A session, we do ask that you please limit yourself to one question and one followup 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 Form 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.