In First Earnings Report Post-IPO, Palo Alto Networks Beats, Sees Q4 Revenue Up 88% To $75.6M

Today, security company Palo Alto Networks reported its first earnings since becoming a public company in July. Revenue for the fourth quarter grew 88 percent year-over-year to $75.6 million, compared with $40.2 million in the fiscal fourth quarter of 2011. The company saw a GAAP net loss for the fiscal fourth quarter of $4.6 million, or $0.18 per basic and diluted share, compared with a net loss of $6 million, or $0.40 per basic and diluted share, in the fiscal fourth quarter of 2011. Non-GAAP net income came in at $1.9 million, or $0.03 per diluted share, compared with a non-GAAP net loss of $5.1 million, or $0.34 per basic and diluted share, in the fiscal fourth quarter of 2011. Analysts expected revenue of $71.4 million, and for income per share to break even.

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