Loading...
•
Oct 31, 2020
Palo Alto Networks Q1 2021 Earnings Report
Palo Alto Networks reported strong Q1 2021 results with revenue growth and raised full-year guidance.
Key Takeaways
Palo Alto Networks announced its fiscal first quarter 2021 financial results, with total revenue growing 23% year over year to $946.0 million. The company reported a GAAP net loss of $92.2 million, or $0.97 per diluted share, and a non-GAAP net income of $158.1 million, or $1.62 per diluted share. The company also raised its full-year guidance.
Fiscal first quarter revenue grew 23% year over year to $946.0 million.
Fiscal first quarter billings grew 21% year over year to $1.1 billion.
Deferred revenue grew 31% year over year to $3.9 billion.
The company raised previously issued guidance for the year.
Revenue by Segment
Forward Guidance
Palo Alto Networks provides guidance based on current market conditions and expectations.
Positive Outlook
- Total billings in the range of $1.17 billion to $1.19 billion, representing year-over-year growth of between 17% and 19%.
- Total revenue in the range of $975 million to $990 million, representing year-over-year growth of between 19% and 21%.
- Diluted non-GAAP net income per share in the range of $1.42 to $1.44, using 98 million to 100 million shares.
- Total billings in the range of $5.08 billion to $5.13 billion, representing year-over-year growth of between 18% and 19%.
- Total revenue in the range of $4.09 billion to $4.14 billion, representing year-over-year growth of between 20% and 21%.
Challenges Ahead
- Diluted non-GAAP net income per share in the range of $5.70 to $5.80, using 99 million to 101 million shares.
- Adjusted free cash flow margin of approximately 29%.
- Our fiscal year 2021 guidance includes the expected impact from the proposed acquisition of Expanse, Inc.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...