Palo Alto Networks (NASDAQ:PANW) reported Q3 EPS of $1.79, $0.11 better than the analyst estimate of $1.68. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.36 billion.
GUIDANCE:
Palo Alto Networks sees Q4 2022 EPS of $2.26-$2.29, versus the consensus of $2.22. Palo Alto Networks sees Q4 2022 revenue of $1.53-1.55 billion, versus the consensus of $1.53 billion.
For the fiscal year 2022, we are broadly raising guidance and expect:
- Total billings in the range of $7.106 billion to $7.136 billion, representing year over year growth of between 30% and 31%.
- Total revenue in the range of $5.481 billion to $5.501 billion, representing year over year growth of approximately 29%.
- Diluted non-GAAP net income per share in the range of $7.43 to $7.46, using 106 million to 107 million shares.
- Adjusted free cash flow margin in the range of 32% to 33%.