CLAIM #67328 · Fortinet Inc (FTNT) · 2022Q4 earnings call · Feb 7, 2023 · due Dec 31, 2023
“We're likely to keep gaining more market share in this well-fragmented market.”
Ken Xie · CEO
In context
“Ken Xie (Founder, Chairman, and CEO): I took a question feedback from some customer partners. Their budget is tight, but Fortinet solution has a better cost of ownership and also kind of even cost saving for some like a Secure SD-WAN solution. At the same time, we do see the use case of firewall expanding much broader than before, especially for this OT security and some other areas, which I'd say network security may be the only solution to secure some of this OT area. So that's where we see the demand is still pretty strong. We're likely to keep gaining more market share in this well-fragmented market.”
Verify independently
SEC filings for FTNT ↗ · Claim quote is verbatim from the 2022Q4 earnings call.