Palo Alto Networks Non-GAAP EPS of $2.39 beats by $0.11, revenue of $1.55B beats by $10M
Palo Alto Networks press release (NASDAQ:PANW): Q4 Non-GAAP EPS of $2.39  beats by $0.11.
Revenue of $1.55B (+27.0% Y/Y)  beats by $10M.
Fiscal fourth quarter billings grew 44% year over year to $2.7 billion. Fiscal year 2022 billings grew 37% year over year to $7.5 billion.

Remaining performance obligation grew 40% year over year to $8.2 billion.
Board of directors approved a three-for-one stock split.

Q1 2023 Outlook: Total billings in the range of $1.68 billion to $1.70 billion, representing year-over-year growth of between 22% and 23%.
Total revenue in the range of $1.535 billion to $1.555 billion vs. consensus of $1.54B, representing year-over-year growth of between 23% and 25%.
Diluted non-GAAP net income per share in the range of $2.03 to $2.06 vs. consensus of $2.03, using 108 million to 110 million shares outstanding.

2023 Outlook: Total billings in the range of $8.95 billion to $9.05 billion, representing year-over-year growth of between 20% and 21%.
Total revenue in the range of $6.85 billion to $6.90 billion vs. consensus of $6.76B, representing year-over-year growth of 25%.
Diluted non-GAAP net income per share in the range of $9.40 to $9.50 vs. consensus of $9.29, using 111 million to 113 million shares outstanding.
Adjusted free cash flow margin in the range of 33.5% to 34.5%.
Achieve positive GAAP net income
Shares +5.7%.