Fortinet rang in a strong second quarter today by launching a new enterprise-class firewall and subscription security service targeting remote access and identity management.

Starting things off, Fortinet’s latest subscription offering, the oh-so predictably named FortiTrust service, bundles zero-trust network access (ZTNA), identity management, and customer support into a user-based subscription model. The company claims the service eliminates the need to track device counts or bandwidth consumption while allowing users to more easily transition across multiple form factors.

Fortinet CMO John Maddison explained that one of the biggest challenges for enterprises moving to a zero-trust architecture is juggling the various licensing models for endpoint, networking, and cloud-based services.

“The trouble is those form factors, traditionally, have been very different licensing models,” he said. "What FortiTrust does is bring all those together under one license schema. It's going to be per user, but you'll get the license on the endpoint, you’ll get the license on the network, and get the license in the cloud.”

The result is Fortinet’s ZTNA and identity capabilities move with the user rather than being tied to a specific piece of hardware.

Fortinet plans to role secure access service edge, cloud access security broker, and endpoint protection platform capabilities into the subscription service in the near future.

“I think long term, it will become one license for everything, but initially it's just focused on the service component,” Maddison explained.

Alongside the side FortiTrust, the vendor debuted the FortiGate 3500F, which is a next-generation firewall with built-in ZTNA functionality. The firewall is equipped with Fortinet’s highest performance networking and security ASICs — the NP7 and CP7 — which enables it to pull double duty as an SD-WAN appliance.

“The FortiGate 3500F offers an average six times more performance than other competitive products,” Fortinet CEO Ken Xie boasted on the company’s Q2 earnings call Thursday.

The 3500F targets large enterprises that need to secure both on-premise and cloud deployments.

According to Maddison, firewalls like this are in particularly high demand among customers with strict privacy or data governance requirements, like health care and financial institutions, that make hosting resources in the cloud challenging, often requiring a hybrid approach.

Fortinet Q2 Earnings Shine

Fortinet posted strong revenues in the second quarter, which grew 30% year over year to $801 million. Meanwhile, net income grew 17.2% to $137 million during the same period.

“The product revenue growth was broad-based across geographies, FortiGate and non-FortiGate products, and across use cases, illustrating market acceptance and customer demand for our integrated, single-platform security fabric strategy,” CFO Keith Jensen said on the call.

Europe, the Middle East, and Africa saw some of the strongest growth during the quarter, up 34% year over year, while the Americas grew 29% and the Asian-Pacific market was up 24% during the same period.

On the call, Xie touted the continued growth of Fortinet’s SD-WAN offering, which accounted for 14% of total billings during the quarter and 19 deals valued at more than $1 million.

But while SD-WAN saw “robust growth” in Q2, Jensen said the “majority of the growth was driven by FortiGate revenue from other capabilities, which are embedded in the FortiGate operating system.”

Meanwhile, non-FortiGate appliance revenues accounted for more than 30% of the company’s revenues. “Given the continued strong performance, we believe our non-FortiGate platform is on pace to be a $1 billion business this year,” Jensen said.

Looking to the third quarter of 2021, Fortinet is projecting revenues in the range of 800 million to $815 million. The company now expects to post full-year revenues of $3.21 billion to $3.25 billion.