Palo Alto Networks, a global leader in cybersecurity, has announced its financial results for the fiscal fourth quarter and fiscal year 2024. The company reported significant growth across various metrics, reflecting the robust demand for its cybersecurity solutions.

### Key Highlights

– **Revenue Growth**: Total revenue for the fiscal fourth quarter 2024 increased by 20% year over year to $2.15 billion. For the fiscal year 2024, total revenue grew by 16% to $7.99 billion.
– **Non-GAAP Net Income**: Non-GAAP net income for the fiscal fourth quarter 2024 was $466.3 million, or $1.38 per diluted share. For the fiscal year 2024, non-GAAP net income was $5.56 per diluted share.
– **Remaining Performance Obligation (RPO)**: The company’s RPO grew by 26% year over year to $10.4 billion.
– **Financial Guidance**: For the fiscal first quarter 2025, Palo Alto Networks expects total billings in the range of $3.43 billion to $3.48 billion, representing year-over-year growth of between 9% and 10%. Total revenue for the fiscal first quarter 2025 is expected to be in the range of $2.15 billion to $2.17 billion, representing year-over-year growth of between 10% and 11%.

### Strategic Focus

Palo Alto Networks continues to prioritize its platformization strategy, which aims to simplify security architectures and drive better security outcomes. This strategy has been well-received by customers, who recognize the benefits of enhanced security and reduced complexity.

### Future Outlook

The company remains committed to driving profitable growth and maintaining its leadership position in the cybersecurity market. Palo Alto Networks will continue to invest in innovation and go-to-market strategies to meet the evolving needs of its customers.

### Forward-Looking Statements

The financial results and guidance provided are subject to various risks and uncertainties, including market conditions, technological developments, and competitive pressures. Palo Alto Networks will continue to monitor these factors and adjust its strategies accordingly to ensure sustainable growth and profitability.

Overall, the financial performance of Palo Alto Networks for fiscal 2024 reflects strong growth and a continued commitment to delivering cutting-edge cybersecurity solutions to its global customer base.