Palo Alto Networks Q2 FY2024 revenue $2.0B (+19% YoY); non-GAAP EPS $1.46 beats; Q3 billings guidance 2-4% growth

Palo Alto Networks Inc

2024-Q2 EPS reported $5.49 revenue$3,853,200,000

Revenue $2.0B (+19% YoY); GAAP net income $1.7B includes $1.5B tax benefit; non-GAAP EPS $1.46 (vs $1.05 YoY).
Remaining performance obligation $10.8B (+22% YoY); non-GAAP operating margin 29% (+580 bps).
Q3 FY2024 guidance: billings $2.30-2.35B (2-4% growth); revenue $1.95-1.98B (13-15%); non-GAAP EPS $1.24-1.26.
FY2024 guidance: billings $10.10-10.20B (10-11%); revenue $7.95-8.00B; non-GAAP EPS $5.45-5.55; FCF margin 38-39%.
CEO cites accelerated platformization and AI leadership strategy as key drivers for long-term growth.

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 0.99

Palo Alto Networks Inc reported fiscal second quarter 2024, ended January 31, 2024 results: revenue $2.0 billion, net income $1.7 billion, or $4.89 per diluted share. Guidance reaffirmed.

Period: fiscal second quarter 2024, ended January 31, 2024
Revenue: $2.0 billion
Net income: $1.7 billion, or $4.89 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today financial results for its fiscal second quarter 2024, ended January 31, 2024. Total revenue for the fiscal second quarter 2024 grew 19% year over year to $2.0 billion

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Source: SEC EDGAR

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