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Palo Alto Networks fiscal Q2 loss widens 34.1% YOY

Palo Alto Networks Inc. said its normalized net income for the fiscal second quarter ended Jan. 31 came to a loss of 42 cents per share, compared with the S&P Capital IQ consensus estimate of 39 cents per share.

The per-share loss increased 25.1% year over year from 34 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $36.6 million, compared with a loss of $27.3 million in the prior-year period.

The normalized profit margin climbed to negative 10.0% from negative 12.5% in the year-earlier period.

Total revenue climbed 53.7% on an annual basis to $334.7 million from $217.7 million, and total operating expenses rose 52.2% from the prior-year period to $390.0 million from $256.2 million.

Reported net income totaled a loss of $62.5 million, or a loss of 72 cents per share, compared to a loss of $43.0 million, or a loss of 53 cents per share, in the prior-year period.