Palo Alto Networks announced strong financial results for its fiscal fourth quarter 2021, with revenue growing 28% year over year to $1.2 billion. The company's billings also increased by 34% year over year, and remaining performance obligation (RPO) grew by 36% year over year.
Fiscal fourth quarter revenue grew 28% year over year to $1.2 billion.
Fiscal year 2021 revenue grew 25% to $4.3 billion.
Fiscal fourth quarter billings grew 34% year over year to $1.9 billion.
Remaining performance obligation (RPO) grew 36% year over year to $5.9 billion.
Palo Alto Networks provides guidance based on current market conditions and expectations. For the fiscal first quarter 2022, the company expects: Total billings in the range of $1.29 billion to $1.31 billion, representing year-over-year growth of between 19% and 21%. Total revenue in the range of $1.19 billion to $1.21 billion, representing year-over-year growth of between 26% and 28%. Diluted non-GAAP net income per share in the range of $1.55 to $1.58, using 101 million to 103 million shares.
Visualization of income flow from segment revenue to net income