Press release
Palo Alto Networks Reports Fiscal Fourth Quarter 2021 Financial Results
- Fiscal fourth quarter revenue grew 28% year over year to $1.2 billion. Fiscal year 2021 revenue grew 25% to $4.3 billion. - Fiscal fourth quarter billings
About this update from Palo Alto Networks, Inc.
[{"type":"text","content":"- Fiscal fourth quarter revenue grew 28% year over year to $1.2 billion. Fiscal year 2021 revenue grew 25% to $4.3 billion.\n - Fiscal fourth quarter billings grew 34% year over year to $1.9 billion. Fiscal year 2021 billings grew 27% to $5.5 billion.\n - Deferred revenue grew 32% year over year to $5.0 billion, remaining performance obligation (RPO) grew 36% year over year to $5.9 billion.\n\n\nSANTA CLARA, Calif., Aug. 23, 2021 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, announced today financial results for its fiscal fourth quarter 2021, ended July 31, 2021.\nTotal revenue for the fiscal fourth quarter 2021 grew 28% year over year to $1.2 billion, compared with total revenue of $950.4 million for the fiscal fourth quarter 2020. GAAP net loss for the fiscal fourth quarter 2021 was $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.\nNon-GAAP net income for the fiscal fourth quarter 2021 was $161.9 million, or $1.60 per diluted share, compared with non-GAAP net income of $144.9 million, or $1.48 per diluted share, for the fiscal fourth quarter 2020. A reconciliation between GAAP and non-GAAP information is contained in the tables below.\n\"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. \"In particular, we saw notable strength in large customer transactions with strategic commitments across our Strata, Prisma and Cortex platforms.\" \n\"We are pleased to deliver strength across all the key total shareholder return drivers — top line, operating margin and free cash flow conversion,\" said Dipak Golechha, chief financial officer of Palo Alto Networks. \"We look forward to updating investors on our long-term goals at our upcoming analyst day on September 13th\".\nFinancial OutlookPalo Alto Networks provides guidance based on current market conditions and expectations.\nFor the fiscal first quarter 2022, the company expects:\nTotal billings in the range of $1.29 billion to $1.31 billion, representing year-over-year growth of between 19% and 21%. Total ...