Palo Alto Networks, Inc. (PANW) has announced its fourth-quarter earnings, demonstrating both significant year-over-year growth and surpassing market expectations.
The company reported a net income of $357.7 million, or $1.01 per share, compared to $227.7 million, or $0.64 per share, in the same quarter last year.
On an adjusted basis, excluding special items, Palo Alto Networks reported earnings of $522.2 million, or $1.51 per share.
This performance outpaced analysts' average expectation of $1.41 per share, as aggregated by Thomson Reuters. Notably, analysts' estimates typically exclude one-time items.
Quarterly revenue surged 12.1% to $2.190 billion, up from $1.953 billion in the previous year.
Key financial metrics for Palo Alto Networks, Inc. (GAAP):
- Earnings (Q4): $357.7 million compared to $227.7 million last year.
- EPS (Q4): $1.01 compared to $0.64 last year.
- Revenue (Q4): $2.190 billion compared to $1.953 billion last year.
**Guidance:**
- Next quarter EPS guidance: $2.10 - $2.13 billion.
- Next quarter revenue guidance: $1.47 to $1.49 billion.
