Palo Alto Networks revenue grew 28% to $1.2 bn in May-July

Palo Alto Networks announced financial results for its fiscal fourth quarter 2021, ended July 31, 2021.
Palo Alto Networks revenue
The cybersecurity leader said its total revenue grew 28 percent to $1.2 billion, compared with $950.4 million for the fiscal fourth quarter 2020.

Palo Alto Networks reported net loss of $119.3 million, or $1.23 loss per diluted share, compared with GAAP net loss of $58.9 million, or $0.61 per diluted share, for the fiscal fourth quarter 2020.

“Our strong Q4 performance was the culmination of executing on our strategy throughout the year, including product innovation, platform integration, business model transformation and investments in our go-to-market organization,” said Nikesh Arora, chairman and CEO of Palo Alto Networks.

“We saw notable strength in large customer transactions with strategic commitments across our Strata, Prisma and Cortex platforms.”

Palo Alto Networks expects total billings in the range of $1.29 billion to $1.31 billion for the fiscal first quarter 2022, representing year-over-year growth of between 19 percent and 21 percent.

Palo Alto Networks expects total revenue in the range of $1.19 billion to $1.21 billion, representing year-over-year growth of between 26 percent and 28 percent.

Palo Alto Networks expects total billings in the range of $6.60 billion to $6.65 billion for the fiscal year 2022, representing year-over-year growth of between 21 percent and 22 percent.

Palo Alto Networks expects total revenue in the range of $5.275 billion to $5.325 billion for the fiscal year 2022, representing year-over-year growth between 24 percent and 25 percent.

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