The company said The Crypsis Group’s security consulting and forensics capabilities will strengthen Cortex XDR's ability to collect security data, manage breaches and initiate rapid response actions. They will also help prevent future cyberattacks. The Crypsis Group employs over 150 security consultants. The company currently operates as part of the ZP Group, specialised in security and IT staffing.
Better-than-expected Q4, FY
Palo Alto also reported its results for its fiscal fourth quarter and full year to end July, with higher-than-expected figures for the quarterrevenues and adjusted profit, though losses still widened. CEO Nikesh Arora said billings accelerated to 32 percent year-on-year growth, helped by strong execution, work-from-hom tailwinds and continue in next-gen security.
Revenues for the quarter lifted 18 percent year-on-year to USD 950.4 million, while the net loss grew larger, to USD 58.9 million or USD 0.61 per diluted share, from a loss the year before of 20.8 million and 0.22 per diluted share. The adjusted net profit fared better, at USD 144.9 or USD 1.48 per share from 146.9 million or 1.47 per share.
For the full year, revenues advanced to USD 3.408 billion from 2.899 billion, with the net loss widending to USD 267.0 million from a loss of 81.9 million and the loss per share going to USD 2.76 from 0.87. The adjusted net profit meanwhile slipped to USD 484.6 million from 539.4 million, with EPS going to USD 4.88 from 5.45.
For its fiscal first quarter, Palo Alto sees revenues rising 19-20 percent to USD 925 million and adjusted EPS at USD 1.32-1.35.
