Palo Alto Networks Strong Q4 and Full-Year Earnings
Palo Alto Networks Strong Q4 and Full-Year Earnings
Palo Alto Networks Strong Q4 and Full-Year Earnings
News summary

Palo Alto Networks (PANW) reported strong fiscal Q4 and full-year 2024 earnings, surpassing revenue and earnings-per-share expectations. The company achieved Q4 revenue of $2.2 billion and a non-GAAP net income per share of $1.51, reflecting a robust 12% year-over-year growth. The fiscal year revenue totaled $8.0 billion, aligning with management's guidance. Shares rose in response to the positive results and optimistic fiscal 2025 revenue forecast of $9.1 billion to $9.15 billion. The company's platformization strategy, focusing on consolidating cybersecurity services, has driven significant customer engagement and growth. Additionally, Palo Alto announced an increased share buyback program, signaling strong financial health and future confidence.

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Last Updated
28 days ago
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