Palo Alto Beats Q4 Estimates With Strength In Large Customer Transactions
As many as 18 customers signed 8-figure transactions in Q4, the company said. Non-GAAP net income for the fourth quarter was $161.9 million, or $1.60 per diluted share. Fourth-quarter revenue grew 28% year-over-year to $1.2 billion. Analysts were expecting earnings of $1.43 per share on revenue of $1.17 billion. For the full fiscal year 2021, revenue grew 25% to $4.3 billion. “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,” chairman and CEO Nikesh Arora said in a statement....