Fortinet Inc. reported strong financial results for the first quarter of 2025, with a notable increase in non-GAAP operating margin, which rose by 570 basis points year over year to a record 34%. The company's billings grew by 14% compared to the same period last year. Fortinet's strategic focus on the expanding Unified SASE and Security Operations markets, along with its leadership in Secure Networking, contributed to these solid results. For the second quarter of 2025, Fortinet anticipates revenue between $1.590 billion and $1.650 billion and billings ranging from $1.685 billion to $1.765 billion. The company expects a non-GAAP gross margin of 80.0% to 81.0% and a non-GAAP operating margin of 31.5% to 32.5%. The diluted non-GAAP net income per share is projected to be between $0.58 and $0.60, assuming a non-GAAP effective tax rate of 18% and a diluted share count of 773 million to 777 million. For the fiscal year 2025, Fortinet forecasts revenue between $6.650 billion and $6.850 billion, with service revenue expected to range from $4.575 billion to $4.725 billion. Billings are projected to be between $7.200 billion and $7.400 billion. The company expects a non-GAAP gross margin of 79.0% to 81.0% and a non-GAAP operating margin of 31.5% to 33.5%. Fortinet continues to leverage its networking and security convergence expertise, emphasizing AI-driven innovation and seamless product development through its FortiOS operating system, aiming to maintain its leadership in cybersecurity.