networksecurity company fortinet inc reported higher profit and revenue in the latest period including a second consecutive quarter of more than 1 billion in billings and gave financial projections for the year ahead of wall street targets heres what you need to know profit fourthquarter profit rose to 199 million from 1467 million a year earlier on a pershare basis profit was 119 or 123 as adjusted analysts surveyed by factset expected 103 a share or 115 a share as adjusted fortinet forecast 110 to 115 a share in adjusted profit revenue revenue for the quarter rose to 9636 million from 748 million a year earlier fortinet projected 940 million to 970 million and analysts expected about 960 million billings billings rose to 131 billion ahead of the companys projected 117 billion to 122 billion and analysts expected roughly 12 billion year fortinet ended the year at a 6068 million profit on 334 billion in revenue compared with a profit of 4885 million and 259 billion in revenue for 2020 outlook this year fortinet expects an adjusted profit of 485 to 5 a share 428 billion to 433 billion in revenue and 54 billion to 548 billion in billings analysts expect an adjusted profit of about 462 a share and 396 billion in revenue and billings to reach about 479 billion