Press release
Palo Alto Networks Reports Fiscal Fourth Quarter and Fiscal Year 2022 Financial Results
Fiscal fourth quarter revenue grew 27% year over year to $1.6 billion. Fiscal year 2022 revenue grew 29% year over year to $5.5 billion.Fiscal fourth quarter
About this update from Palo Alto Networks, Inc.
[{"type":"text","content":"Fiscal fourth quarter revenue grew 27% year over year to $1.6 billion. Fiscal year 2022 revenue grew 29% year over year to $5.5 billion.Fiscal fourth quarter billings grew 44% year over year to $2.7 billion. Fiscal year 2022 billings grew 37% year over year to $7.5 billion.Remaining performance obligation grew 40% year over year to $8.2 billion.Board of directors approved a three-for-one stock split.SANTA CLARA, Calif., Aug. 22, 2022 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today financial results for its fiscal fourth quarter and fiscal year 2022, ended July 31, 2022.\nTotal revenue for the fiscal fourth quarter 2022 grew 27% year over year to $1.6 billion, compared with total revenue of $1.2 billion for the fiscal fourth quarter 2021. GAAP net income for the fiscal fourth quarter 2022 was $3.3 million, or $0.03 per basic and diluted share, compared with GAAP net loss of $119.3 million, or $1.23 per diluted share, for the fiscal fourth quarter 2021.\nNon-GAAP net income for the fiscal fourth quarter 2022 was $254.1 million, or $2.39 per diluted share, compared with non-GAAP net income of $161.9 million, or $1.60 per diluted share, for the fiscal fourth quarter 2021. A reconciliation between GAAP and non-GAAP information is contained in the tables below.\n\"We were pleased by our fourth quarter results, which included GAAP profitability for the first time in four years. Next-Generation Security growth, driven by our rapid pace of innovation and strong sales execution, drove our results,\" said Nikesh Arora, chairman and CEO of Palo Alto Networks. \"As cybersecurity posture remains critical, our integrated three-platform strategy continues to drive large deal momentum as we consolidate and simplify our customers' security architectures.\"\n\"Our focus on maximizing total shareholder return in any environment was exhibited by strong revenue and billings growth, paired with non-GAAP operating margin and non-GAAP adjusted free cash flow margin expansion in fiscal year 2022,\" said Dipak Golechha, chief financial officer of Palo Alto Networks. \"As we enter fiscal year 2023, we look forward to again delivering this balance of growth and margin expansion, while also achieving GAAP profitability for the year.\"\nStock Split AuthorizationPalo Alto Networks announced that the board of ...