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Palo Alto Networks revenue grew 49%

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Staff writer ▼ | September 11, 2013
Palo Alto Networks announced financial results for its fourth quarter and fiscal year ended July 31, 2013. Total revenue grew 49 percent year-over-year to a record $112.4 million, compared with $75.6 million in Q4 2012.
Palo Alto Networks
Palo Alto NetworksPalo Alto Networks announced financial results for its fourth quarter and fiscal year ended July 31, 2013. Total revenue grew 49 percent year-over-year to a record $112.4 million, compared with $75.6 million in Q4 2012.


GAAP net loss for the fiscal fourth quarter was $15.8 million, or $0.22 per diluted share, compared with a net loss of $4.6 million, or $0.18 per diluted share, in the fiscal fourth quarter of 2012.

Palo Alto Networks recorded fiscal fourth quarter non-GAAP net income of $4.7 million, or $0.06 per diluted share, compared with non-GAAP net income of $1.9 million, or $0.03 per diluted share, in the fiscal fourth quarter of 2012.

Non-GAAP results for fiscal fourth quarter 2013 include $1.4 million of expenses related to IP litigation, which on a tax-effected basis was $0.01 per diluted share.

For fiscal year 2013, total revenue grew 55 percent to $396.1 million, compared with $255.1 million in fiscal 2012. GAAP net loss was $29.2 million, or $0.43 per diluted share, in fiscal 2013, compared with net income of $0.7 million, or $0.00 per diluted share, in fiscal 2012.

Non-GAAP net income for fiscal 2013 was $16 million, or $0.21 per diluted share, compared with non-GAAP net income of $14.7 million, or $0.14 per diluted share, in fiscal 2012. Non-GAAP results for fiscal year 2013 include $3.6 million of expenses related to IP litigation, which on a tax effected basis was $0.03 per diluted share.


 

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