earnings
confidence high
sentiment positive
materiality 0.75
Palo Alto Networks Q3 FY2024 revenue $2B (+15% YoY), non-GAAP EPS $1.32, raises FY guidance
Palo Alto Networks Inc
2024-Q3 EPS reported
$6.27
revenue$5,838,000,000
- Revenue $2.0B (+15% YoY); GAAP EPS $0.79; Non-GAAP EPS $1.32, both above prior year.
- Remaining performance obligation $11.3B (+23% YoY), indicating strong future revenue.
- Non-GAAP operating margin 26% (+200 bps YoY).
- Q4 guidance: rev $2.15-2.17B, non-GAAP EPS $1.40-1.42; FY2024: rev $7.99-8.01B, non-GAAP EPS $5.56-5.58.
- Adjusted free cash flow margin guided 38.5%-39.0% for FY2024.