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Jan 31, 2022
Palo Alto Networks Q2 2022 Earnings Report
Reported revenue growth of 30% year over year to $1.3 billion.
Key Takeaways
Palo Alto Networks announced financial results for its fiscal second quarter 2022, ended January 31, 2022. Total revenue for the fiscal second quarter 2022 grew 30% year over year to $1.3 billion. Non-GAAP net income for the fiscal second quarter 2022 was $185.0 million, or $1.74 per diluted share.
Fiscal second quarter revenue grew 30% year over year to $1.3 billion
Fiscal second quarter billings grew 32% year over year to $1.6 billion
Remaining performance obligation grew 36% year over year to $6.3 billion
Raising guidance for the year across revenue, billings, and earnings per share
Revenue by Segment
Forward Guidance
For the fiscal third quarter 2022, we expect: Total billings in the range of $1.59 billion to $1.61 billion, representing year-over-year growth of between 24% and 25%. Total revenue in the range of $1.345 billion to $1.365 billion, representing year-over-year growth of between 25% and 27%. Diluted non-GAAP net income per share in the range of $1.65 to $1.68, using 106 million to 108 million shares outstanding.
Positive Outlook
- Total billings in the range of $1.59 billion to $1.61 billion, representing year-over-year growth of between 24% and 25%.
- Total revenue in the range of $1.345 billion to $1.365 billion, representing year-over-year growth of between 25% and 27%.
- Diluted non-GAAP net income per share in the range of $1.65 to $1.68, using 106 million to 108 million shares outstanding.
- Total billings in the range of $6.80 billion to $6.85 billion, representing year-over-year growth of between 25% and 26%.
- Total revenue in the range of $5.425 billion to $5.475 billion, representing year-over-year growth of between 27% and 29%.
Challenges Ahead
- developments and changes in general market, political, economic, and business conditions
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
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