Palo Alto Networks Q1 revenue $1.6B (+25% YoY), non-GAAP EPS $0.83 beat; raises FY2023 outlook

Palo Alto Networks Inc

2023-Q1 EPS reported $0.06 revenue$1,563,400,000

Revenue $1.6B up 25% YoY; GAAP net income $20M vs loss $103.6M YoY.
Non-GAAP net income $266.4M ($0.83/share) up from $170.3M ($0.55) YoY.
Billings $1.7B up 27% YoY; RPO $8.3B up 38% YoY.
Q2 guidance: revenue $1.63-$1.66B, non-GAAP EPS $0.76-$0.78.
FY2023 guidance raised: revenue $6.85-$6.91B, non-GAAP EPS $3.37-$3.44.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Palo Alto Networks Inc reported fiscal first quarter 2023, ended October 31, 2022 results: revenue $1.6 billion, net income $20.0 million, EPS $0.06 per diluted share. Guidance raised.

Period: fiscal first quarter 2023, ended October 31, 2022
Revenue: $1.6 billion
Net income: $20.0 million
EPS: $0.06 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Total revenue for the fiscal first quarter 2023 grew 25% year over year to $1.6 billion, compared with total revenue of $1.2 billion for the fiscal first quarter 2022. GAAP net income for the fiscal first quarter 2023 was $20.0 million, or $0.06 per diluted share, compared with GAAP net loss of $103.6 million, or $0.35 per diluted share, for the fiscal first quarter 2022.

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Source: SEC EDGAR

accession 0001327567-22-000035

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