Palo Alto Networks beats by $0.08, reports revs in-line; guides Q2 EPS in-line, revs in-line; guides FY25 EPS in-line, revs in-line (392.89 +4.83)
- Reports Q1 (Oct) earnings of $1.56 per share, excluding non-recurring items, $0.08 better than the FactSet Consensus of $1.48; revenues rose 13.9% year/year to $2.14 bln vs the $2.12 bln FactSet Consensus.
- Next-Generation Security ARR grew 40% year over year to $4.5 billion.
- Remaining performance obligation grew 20% year over year to $12.6 billion.
- Next-Generation Security ARR grew 40% year over year to $4.5 billion.
- Co issues in-line guidance for Q2 (Jan), sees EPS of $1.54-1.56, excluding non-recurring items, vs. $1.55 FactSet Consensus; sees Q2 revs of $2.22-2.25 bln vs. $2.23 bln FactSet Consensus.
- Next-Generation Security ARR of $4.70 billion to $4.75 billion, representing year-over-year growth of between 35% and 36%.
- Remaining performance obligation of $12.9 billion to $13.0 billion, representing year-over-year growth of between 20% and 21%.
- Next-Generation Security ARR of $4.70 billion to $4.75 billion, representing year-over-year growth of between 35% and 36%.
- Co issues in-line guidance for FY25 (Jul), sees EPS of $6.26-6.39 (up from $6.18-6.31), excluding non-recurring items, vs. $6.28 FactSet Consensus; sees FY25 revs of $9.12-9.17 bln (up from $9.10-9.15 bln) vs. $9.13 bln FactSet Consensus.
- Next-Generation Security ARR of $5.52 billion to $5.57 billion, representing year-over-year growth of between 31% and 32%.
- Remaining performance obligation of $15.2 billion to $15.3 billion, representing year-over-year growth of between 19% and 20%.
- Next-Generation Security ARR of $5.52 billion to $5.57 billion, representing year-over-year growth of between 31% and 32%.