Palo Alto Networks Reports Fiscal Fourth Quarter and Fiscal Year 2017 Financial Results

Palo Alto Networks® (NYSE: PANW), the next-generation security company, has announced financial results for its fiscal fourth quarter and fiscal year 2017 ended July 31, 2017, the company said.

Total revenue for the fiscal fourth quarter 2017 grew 27 percent year over year to USD 509.1 million, compared with total revenue of USD 400.8 million for the fiscal fourth quarter 2016. GAAP net loss for the fiscal fourth quarter 2017 was USD 38.2 million, or USD 0.42 per diluted share, compared with GAAP net loss of USD 31.4 million, or USD 0.35 per diluted share, for the fiscal fourth quarter 2016.

Non-GAAP net income for the fiscal fourth quarter 2017 was USD 85.5 million, or USD 0.92 per diluted share, compared with non-GAAP net income of USD 60.3 million, or USD 0.66 per diluted share, for the fiscal fourth quarter 2016.

For fiscal year 2017, total revenue grew 28 percent to USD 1.8 billion, compared with USD 1.4 billion in fiscal year 2016. GAAP net loss was USD 216.6 million, or USD 2.39 per diluted share, in fiscal year 2017, compared with GAAP net loss of USD 192.7 million, or USD 2.21 per diluted share, in fiscal year 2016. Non-GAAP net income for fiscal year 2017 was USD 253.4 million, or USD 2.71 per diluted share, compared with non-GAAP net income of USD 172.9 million, or USD 1.89 per diluted share, in fiscal year 2016.

Palo Alto Networks is the next-generation security company, a new era in cybersecurity by safely enabling applications and preventing cyber breaches for tens of thousands of organizations worldwide. Built with an innovative approach and highly differentiated cyberthreat prevention capabilities, our game-changing security platform delivers security far superior to legacy or point products, safely enables daily business operations, and protects an organization´s most valuable assets. Find out more at www.paloaltonetworks.com.