Palo Alto Networks posts strong Q4, sees strong demand

Palo Alto Networks posts strong Q4, sees strong demand

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

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

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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.

Topics: Security, Networking

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