Palo Alto Networks beats by $0.16, beats on revs; guides OctQ EPS below consensus, revs above consensus; guides FY22 EPS above consensus, revs above consensus
- Reports Q4 (Jul) earnings of $1.60 per share, excluding non-recurring items, $0.16 better than the S&P Capital IQ Consensus of $1.44; revenues rose 28.3% year/year to $1.22 bln vs the $1.17 bln S&P Capital IQ Consensus.
- Q4 billings grew 34% yr/yr to $1.90 bln vs $1.695-1.715 bln prior guidance.
- Co issues mixed guidance for Q1 (Oct), sees EPS of $1.55-1.58, excluding non-recurring items, vs. $1.60 S&P Capital IQ Consensus; sees Q1 revs of $1.19-1.21 bln vs. $1.15 bln S&P Capital IQ Consensus. Co guides to Q1 billings of $1.29-1.31 bln.
- Co issues upside guidance for FY22, sees EPS of $7.15-7.25, excluding non-recurring items, vs. $7.09 S&P Capital IQ Consensus; sees FY22 revs of $5.275-5.325 bln vs. $5.02 bln S&P Capital IQ Consensus.