earnings
confidence high
sentiment positive
materiality 0.80
Palo Alto Networks Q3 revenue up 29% to $1.4B; non-GAAP EPS $1.79; raises FY22 guidance
Palo Alto Networks Inc
2022-Q3 EPS reported
-$2.75
revenue$3,951,000,000
- Revenue $1.4B (+29% YoY); billings $1.8B (+40% YoY); RPO $6.9B (+40% YoY).
- GAAP net loss $73.2M (-$0.74/diluted); non-GAAP net income $193.1M ($1.79/diluted) vs $1.38 a year ago.
- Q4 guidance: revenue $1.53-1.55B; non-GAAP EPS $2.26-2.29.
- FY22 guidance raised: revenue $5.48-5.50B (~29% YoY); non-GAAP EPS $7.43-7.46; adj. FCF margin 32-33%.
- CEO cites strong cybersecurity demand; CFO highlights revenue growth, margin expansion, and cash conversion.