Palo Alto Networks Q1 FY2024 revenue up 20% YoY to $1.9B; raises FY non-GAAP EPS and margin guidance

Palo Alto Networks Inc

2024-Q1 EPS reported $0.56 revenue$1,878,100,000

Q1 revenue $1.9B (+20% YoY); GAAP EPS $0.56 vs $0.06; non-GAAP EPS $1.38 vs $0.83.
Remaining performance obligation $10.4B (+26% YoY).
Q2 guidance: revenue $1.955-$1.985B, non-GAAP EPS $1.29-$1.31.
FY2024 raised: revenue $8.15-$8.20B, non-GAAP EPS $5.40-$5.53, op margin 26%-26.5%.
Adjusted free cash flow margin guidance of 37%-38% for FY2024.

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 0.95

Palo Alto Networks Inc reported its fiscal first quarter 2024, ended October 31, 2023 results: revenue $1.9 billion, net income $194.2 million, EPS $0.56 per diluted share. Guidance raised.

Period: its fiscal first quarter 2024, ended October 31, 2023
Revenue: $1.9 billion
Net income: $194.2 million
EPS: $0.56 per diluted share
Guidance: raised
Result: preliminary results

Exact text from the filing

in such filing. --- EX-99.1 (EX-99.1) --- Palo Alto Networks Reports Fiscal First Quarter 2024 Financial Results • Fiscal first quarter revenue grew 20% year over year to $1.9 billion. • Remaining performance obligation grew 26% year over year to $10.4 billion. • Fiscal first quarter Non-GAAP operating margin and Non-GAAP net income per share ahead of

View on SEC.gov

335 earnings releases filed in the last 30 days. Browse all earnings releases →

Palo Alto Networks Inc filing history →

Source: SEC EDGAR

accession 0001327567-23-000030

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.