Palo Alto Networks Non-GAAP EPS of $1.44 beats by $0.15, revenue of $1.95B misses by $10M
Palo Alto Networks press release (NASDAQ:PANW): Q4 Non-GAAP EPS of $1.44  beats by $0.15.
Revenue of $1.95B (+25.8% Y/Y)  misses by $10M.
Fiscal fourth quarter billings grew 18% year over year to $3.2 billion. Fiscal year 2023 billings grew 23% year over year to $9.2 billion.

Remaining performance obligation grew 30% year over year to $10.6 billion.

Q1 Outlook: Total billings in the range of $2.05 billion to $2.08 billion, representing year-over-year growth of between 17% and 19%.
Total revenue in the range of $1.82 billion to $1.85 billion vs. consensus of $1.93B, representing year-over-year growth of between 16% and 18%.
Diluted non-GAAP net income per share in the range of $1.15 to $1.17 vs. consensus of $1.11, representing year-over-year growth of between 39% and 41%.

2024 Outlook: Total billings in the range of $10.9 billion to $11.0 billion, representing year-over-year growth of between 19% and 20%.
Total revenue in the range of $8.15 billion to $8.20 billion vs. consensus of $8.38B, representing year-over-year growth of 18% and 19%.
Diluted non-GAAP net income per share in the range of $5.27 to $5.40 vs. consensus of $4.95, representing year-over-year growth of 19% and 22%.
Adjusted free cash flow margin in the range of 37% to 38%.
Shares +4.01%.


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