Palo Alto Networks Inc (NASDAQ:PANW) reported financial results for its fiscal fourth quarter after the market close on Monday. Here’s a look at the key metrics from the quarter.
Q4 Earnings: Palo Alto reported fourth-quarter revenue of $2.189 billion, beating the consensus estimate of $2.162 billion. The cybersecurity company reported quarterly earnings of $1.51 per share, beating analyst estimates of $1.41 per share.
Palo Alto has now exceeded analyst estimates on the top and bottom lines in four consecutive quarters, according to data from Benzinga Pro.
Total revenue was up 12% year-over-year. Remaining performance obligations grew 20% year-over-year to $12.7 billion. Next-generation security annual recurring revenue increased 43% year-over-year to $4.2 billion.
“We finished off the year ...
