Palo Alto Networks Q2 FY2023 revenue $1.7B (+26% YoY); GAAP net income $84.2M vs loss year ago; raises billings guidance

Palo Alto Networks Inc

2023-Q2 EPS reported $0.31 revenue$3,218,500,000

Revenue $1.7B (+26% YoY); billings $2.0B (+26% YoY); RPO $8.8B (+39% YoY).
GAAP net income $84.2M ($0.25 diluted EPS) vs GAAP net loss $93.5M ($0.32 loss) in Q2 FY2022.
Non-GAAP net income $331.7M ($1.05 diluted EPS) vs $185.0M ($0.58) year ago.
Q3 FY2023 guidance: billings $2.20-2.25B, revenue $1.695-1.725B, non-GAAP EPS $0.90-0.94.
FY2023 guidance raised: billings $9.10-9.20B, revenue $6.85-6.91B, non-GAAP EPS $3.97-4.03, adjusted FCF margin 36.5-37.5%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Palo Alto Networks Inc reported fiscal second quarter 2023 results: revenue $1.7 billion, net income $84.2 million, EPS $0.25 per diluted share. Guidance raised.

Period: fiscal second quarter 2023
Revenue: $1.7 billion
Net income: $84.2 million
EPS: $0.25 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Total revenue for the fiscal second quarter 2023 grew 26% year over year to $1.7 billion

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Source: SEC EDGAR

accession 0001327567-23-000005

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