Cybersecurity company Fortinet (NASDAQ: FTNT) reported its first-quarter results after the market closed on April 27. Revenue grew by nearly 20%, driven by solid service sales growth, and both earnings and free cash flow grew even faster. The company’s guidance calls for similar growth in the second quarter and in 2017, driven in part by its success winning larger deals. Here’s what investors need to know about Fortinet’s first-quarter results.
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Q1 2017