earnings
confidence high
sentiment positive
materiality 0.85
Palo Alto Networks Q1 revenue $1.2B, +32% YoY; raises FY22 guidance
Palo Alto Networks Inc
2023-Q1 EPS reported
-$0.35
revenue$1,247,400,000
- Revenue $1.2B (+32% YoY); billings $1.4B (+28%); RPO $6.0B (+37%).
- GAAP net loss $103.6M ($1.06 loss/share); Non-GAAP net income $170.3M ($1.64 EPS).
- Q2 FY22 guidance: billings $1.51-$1.53B, revenue $1.265-$1.285B, non-GAAP EPS $1.63-$1.66.
- FY22 guidance raised: billings $6.675-$6.725B, revenue $5.35-$5.40B, non-GAAP EPS $7.15-$7.25.
- CEO cites strong demand and product innovation; raised guidance reflects confidence.