earnings
confidence high
sentiment positive
materiality 0.80
Palo Alto Networks Q2 FY2022 revenue up 30% to $1.3B; non-GAAP EPS $1.74; raises FY guidance
Palo Alto Networks Inc
2023-Q2 EPS reported
-$0.67
revenue$2,564,300,000
- Revenue $1.3B (+30% YoY); billings $1.6B (+32% YoY); RPO $6.3B (+36% YoY).
- GAAP net loss $93.5M ($0.95 loss per share) vs $142.3M loss a year ago; non-GAAP net income $185.0M ($1.74 EPS) vs $154.2M ($1.55).
- Raised FY2022 guidance: revenue $5.425B-$5.475B; billings $6.80B-$6.85B; non-GAAP EPS $7.23-$7.30.
- Q3 FY2022 guidance: billings $1.59B-$1.61B; revenue $1.345B-$1.365B; non-GAAP EPS $1.65-$1.68.
- CEO cites strong demand across next-gen security platforms; CFO highlights cash flow and capital returns.