Salutation unto thee, O thou the wielder of sharp discus! Salutation unto the best of Brāhmanas! to the friend of Brāhmanas and of kine! to Krishna, the benefactor of the world and salutation to Govinda! Salutation to him, who as Brahmā creates the universe and who, being existent all over, preserves it. Salutation to thee, who dost at the end of Kalpa assume the form of Rudra, and who art tri-form.

In plain words: Prahlada keeps praying. He honors Vishnu as Krishna and Govinda, the friend of priests and cows, and the helper of the world. Vishnu creates the universe as Brahma, protects it, and destroys it at the end of an age as Rudra (Shiva).