Palo Alto fiscal Q1 total revenue grows 55% YoY to USD297.2m

Palo Alto Networks (NYSE: PANW) said its total revenue for the fiscal first quarter 2016 grew 55 percent year-over-year to a record USD297.2 million, compared with total revenue of USD192.3 million for the fiscal first quarter 2015.

GAAP net loss for the fiscal first quarter 2016 was USD38.7 million, or USD0.45 per diluted share, compared with GAAP net loss of USD30.1 million, or USD0.38 per diluted share, for the fiscal first quarter 2015.

Non-GAAP net income for the fiscal first quarter 2016 was USD31.6 million, or USD0.35 per diluted share, compared with non-GAAP net income of USD12.8 million, or USD0.15 per diluted share, for the fiscal first quarter 2015.

Palo Alto Networks is a next-generation security company, leading a new era in cybersecurity by enabling applications and preventing cyber breaches for tens of thousands of organizations worldwide.