Palo Alto Networks Non-GAAP EPS of $1.10 beats by $0.17, revenue of $1.72B in-line
Palo Alto Networks press release (NASDAQ:PANW): Q3 Non-GAAP EPS of $1.10  beats by $0.17.
Revenue of $1.72B (+23.7% Y/Y) in-line.
Billings grew 26% year over year to $2.3 billion
Remaining performance obligation grew 35% year over year to $9.2 billion

Q4 Outlook: Total billings in the range of $3.15 billion to $3.20 billion, representing year-over-year growth of between 17% and 19%.
Total revenue in the range of $1.937 billion to $1.967 billion vs. consensus of $1.95B, representing year-over-year growth of between 25% and 27%.
Diluted non-GAAP net income per share in the range of $1.26 to $1.30 vs. consensus of $1.18, using 326 million to 332 million shares outstanding.

2023 Outlook: Total billings in the range of $9.18 billion to $9.23 billion, representing year-over-year growth of between 23% and 24%.
Total revenue in the range of $6.88 billion to $6.91 billion vs. consensus of $6.90B, representing year-over-year growth of between 25% and 26%.
Diluted non-GAAP net income per share in the range of $4.25 to $4.29 vs. consensus of $3.99, using 322 million to 324 million shares outstanding.
Adjusted free cash flow margin in the range of 37.5% to 38.5%.
Shares +0.14%.