Palo Alto Networks (NYSE: PANW) reported Q4 EPS of $0.28, $0.03 better than the analyst estimate of $0.25. Revenue for the quarter came in at $283.9 million versus the consensus estimate of $255.85 million.

Palo Alto Networks sees Q1 2015 EPS of $0.31-$0.32, versus the consensus of $0.31. Palo Alto Networks sees Q1 2015 revenue of $280-284 million, versus the consensus of $269.62 million.

"We are very pleased with our results for both the fourth quarter and fiscal year 2015. During the year we grew our customer base to over 26,000 customers, expanded our technology partnerships and distribution relationships, enhanced our next-generation security platform with new offerings and achieved $928.1 million in revenue, an increase of 55 percent year-over-year. We are significantly outgrowing the market and rapidly taking share," said Mark McLaughlin, president and chief executive officer of Palo Alto Networks. "Once again, our performance demonstrates that our natively integrated and automated security platform is highly differentiated, and our focus on innovation continues to increase our lead over the competition."

For fiscal year 2015, total revenue grew 55 percent to $928.1 million, compared with $598.2 million in fiscal year 2014. GAAP net loss was $165.0 million, or $2.02 per diluted share, in fiscal year 2015, compared with GAAP net loss of $226.5 million, or $3.05 per diluted share, in fiscal year 2014. Non-GAAP net income for fiscal year 2015 was $75.2 million, or $0.86 per diluted share, compared with non-GAAP net income of $31.8 million, or $0.40 per diluted share, in fiscal year 2014.

Steffan Tomlinson, chief financial officer of Palo Alto Networks, commented, "We delivered strong fourth quarter and fiscal year 2015 results with accelerating revenue growth and expanding operating and cash flow margins. In the fourth quarter, our land and expand sales model once again drove substantial growth in billings, revenue and deferred revenue, which all reached new records. We generated $111.3 million in cash flow from operations in the fourth quarter and ended fiscal year 2015 with $1.3 billion of cash, cash equivalents and investments."

For earnings history and earnings-related data on Palo Alto Networks (PANW) click here.

Earnings Guidance Hot Earnings Hot Guidance Management Comments

FBR Capital Raises Price Target on Palo Alto Networks (PANW) Following 3c EPS Beat September 10, 2015 9:50 AM Nomura Securities Raises Price Target on Palo Alto Networks (PANW) Following 4Q15 September 10, 2015 9:12 AM Needham & Company Raises Price Target on Palo Alto Networks (PANW) to $202 Following 4Q15 EPS Beat September 10, 2015 7:26 AM Palo Alto Networks (PANW) PT Trimmed to $202 at UBS Post Q4; Maintains BuySeptember 10, 2015 7:20 AM Oppenheimer Raises Price Target on Palo Alto Networks (PANW) Following 3c EPS Beat September 10, 2015 6:41 AM Palo Alto Networks (PANW) PT Raised to $200 at Piper JaffraySeptember 10, 2015 6:36 AM Palo Alto Networks (PANW) Peers Advance in Sympathy Trade (FTNT) (FEYE)September 9, 2015 4:51 PM Palo Alto Networks Reports Fiscal Fourth Quarter and Fiscal Year 2015 Financial ResultsSeptember 9, 2015 4:03 PM