Palo Alto Networks posts strong Q4, sees strong demand

Palo Alto, which makes next-gen firewalls, security appliances and platforms, added more than 4,800 customers during the fiscal year.

Network security company Palo Alto Networks delivered strong fourth quarter sales and said it was seeing gains in multiple industries.

paloaltosystem

The company reported a fourth quarter net loss of $15.8 million, or 22 cents a share, on revenue of $112.4 million, up 49 percent from a year ago. Non-GAAP earnings in the fourth quarter was 6 cents a share. Non-GAAP earnings in the quarter were hit by a penny a share due to IP litigation expenses.

Wall Street was looking for earnings of 6 cents a share on a non-GAAP basis on revenue of $109 million.

Palo Alto, which makes next-gen firewalls, security appliances and platforms, added more than 4,800 customers during the fiscal year.

For fiscal 2013, Palo Alto reported a net loss of $292 million, or 43 cents a share, on revenue of $396.1 million, up 55 percent from a year ago. Non-GAAP earnings for the year were 21 cents a share.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.
See All