Palo Alto Networks Non-GAAP EPS of $1.05 beats by $0.27, revenue of $1.66B beats by $10M
Palo Alto Networks press release (NASDAQ:PANW): Q2 Non-GAAP EPS of $1.05  beats by $0.27.
Revenue of $1.66B (+25.7% Y/Y)  beats by $10M.
Shares +2.5%.

For the fiscal third quarter 2023, we expect:

Total billings in the range of $2.20 billion to $2.25 billion, representing year-over-year growth of between 22% and 25%.

Total revenue in the range of $1.695 billion to $1.725 billion, representing year-over-year growth of between 22% and 24% vs. $1.74B consensus.
Diluted non-GAAP net income per share in the range of $0.90 to $0.94, using 321 million to 327 million shares outstanding.

For the fiscal year 2023, we are updating guidance and expect:

Total billings in the range of $9.10 billion to $9.20 billion, representing year-over-year growth of between 22% and 23%.
Total revenue in the range of $6.85 billion to $6.91 billion, representing year-over-year growth of between 25% and 26% from prior guidance of $6.85B-$6.91B vs. $6.90B consensus.
Diluted non-GAAP net income per share in the range of $3.97 to $4.03, using 320 million to 326 million shares outstanding.
Adjusted free cash flow margin in the range of 36.5% to 37.5%.