Fortinet Leveraging Artificial Intelligence to Drive Revenue Growth

Friday, 29 March 2024, 09:10

Investors are urged to consider buying shares of cybersecurity companies integrating AI tools amidst soaring AI-focused cybersecurity spending. Fortinet demonstrates impressive growth in services revenue, subscription sales, and cybersecurity deal sign-ups, fueled by AI adoption. The company's innovative use of AI positions it well for substantial revenue growth and stock price appreciation in the next few years.
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Fortinet Leveraging Artificial Intelligence to Drive Revenue Growth

Fortinet's Revenue Pipeline Boosted by AI

Fortinet saw a 20% revenue increase in 2023, with deferred revenue growing faster at 24%, indicating robust demand for cybersecurity services fueled by AI.

Services Revenue Surge

Fortinet's services revenue rose by 28% in 2023, driven by the strong demand for security operations and SASE subscriptions integrated with AI.

  • Elevated Demand: Customers benefiting from AI-driven threat detection and response capabilities.
  • Long-Term AI Integration: Fortinet's adeptness at utilizing AI across various product lines.
  1. Integrating Generative AI:
    • Enhanced Cybersecurity: Introduction of generative AI assistant supporting better decision-making for organizations.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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