India, Sept. 1 -- Palo Alto Networks Inc. (PANW) on Tuesday reported a loss for the fourth quarter, as revenues grew 34%.
Net loss was $282 million or $0.35 per share, compared with net income of $254 million or $0.36 per share in the prior-year quarter. Adjusted net income rose to $853 million or $1.02 per share from $673 million or $0.95 per share last year.
Revenues for the quarter were $3.41 billion, up 34% from $2.54 billion a year earlier, as Next-Generation Security ARR surged 63% to $9.10 billion.
For the first quarter, Palo Alto Networks expects revenue of $3.30 billion to $3.31 billion, Next-Generation Security ARR of $9.54 billion to $9.56 billion and adjusted earnings per share of $0.96 to $0.98.
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