Exhibit 99.1

Palo Alto Networks Reports Fiscal Fourth Quarter and 2012 Financial Results

 

   

Fiscal fourth quarter revenue grows 88 percent year-over-year and 15 percent sequentially to reach a record $75.6 million

 

   

Fiscal 2012 revenue grows 115 percent year-over-year to $255.1 million

 

   

Adds over 1,000 new end-customers in Q4, reaching over 9,000 total end-customers

 

   

Fiscal 2012 free cash flow grows 229 percent year-over-year to $62.8 million

 

   

Cash and cash equivalents of $322.6 million with no debt

SANTA CLARA, Calif., Sept. 10, 2012

Palo Alto Networks, Inc. (NYSE: PANW) today announced financial results for its fiscal fourth quarter and fiscal year 2012 ended July 31, 2012.

Total revenue for the fiscal fourth quarter grew 88 percent year-over-year to $75.6 million, compared with $40.2 million in the fiscal fourth quarter of 2011. GAAP net loss for the fiscal fourth quarter was $4.6 million, or $0.18 per basic and diluted share, compared with a net loss of $6.0 million, or $0.40 per basic and diluted share, in the fiscal fourth quarter of 2011.

Palo Alto Networks recorded fiscal fourth quarter non-GAAP net income of $1.9 million, or $0.03 per diluted share, compared with a non-GAAP net loss of $5.1 million, or $0.34 per basic and diluted share, in the fiscal fourth quarter of 2011. A reconciliation between GAAP and non-GAAP information is contained in the tables below.

For fiscal 2012, total revenue grew 115 percent to $255.1 million, compared with $118.6 million in fiscal 2011. GAAP net income was $0.7 million, or $0.00 per diluted share, in fiscal 2012, compared with a net loss of $12.5 million, or $0.88 per diluted share, in fiscal


The following information was filed by Palo Alto Networks Inc (PANW) on Monday, September 10, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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