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Palo Alto(PANW) - 2025 Q1 - Quarterly Results
PANWPalo Alto(PANW)2024-11-20 21:13

Revenue Growth - Fiscal first quarter revenue grew 14% year over year to 2.1billion[2][3]−Forfiscalsecondquarter2025,totalrevenueisexpectedtobeintherangeof2.1 billion[2][3] - For fiscal second quarter 2025, total revenue is expected to be in the range of 2.22 billion to 2.25billion,representingyear−over−yeargrowthof122.25 billion, representing year-over-year growth of 12% to 14%[8] - For fiscal year 2025, total revenue is expected to be in the range of 9.12 billion to 9.17billion,representingyear−over−yeargrowthof149.17 billion, representing year-over-year growth of 14%[10] - Total revenue for Q3 2024 increased to 2,138.8 million, up 13.9% from 1,878.1millioninQ32023[31]−Subscriptionandsupportrevenuegrewto1,878.1 million in Q3 2023[31] - Subscription and support revenue grew to 1,785.0 million, a 16.1% increase from 1,537.0millioninthesameperiodlastyear[31]Next−GenerationSecurityARR−Next−GenerationSecurityARRgrew401,537.0 million in the same period last year[31] Next-Generation Security ARR - Next-Generation Security ARR grew 40% year over year to 4.5 billion[2] - For fiscal second quarter 2025, Next-Generation Security ARR is expected to be 4.70billionto4.70 billion to 4.75 billion, representing year-over-year growth of 35% to 36%[8] - For fiscal year 2025, Next-Generation Security ARR is expected to be 5.52billionto5.52 billion to 5.57 billion, representing year-over-year growth of 31% to 32%[10] Net Income and Earnings - GAAP net income for the fiscal first quarter 2025 was 350.7million,or350.7 million, or 0.99 per diluted share[3] - Non-GAAP net income for the fiscal first quarter 2025 was 544.9million,or544.9 million, or 1.56 per diluted share[4] - Net income for Q3 2024 rose to 350.7million,comparedto350.7 million, compared to 194.2 million in Q3 2023, an 80.6% increase[31] - Non-GAAP net income per share, diluted, was 1.56,comparedto1.56, compared to 1.38 in the same period last year[34] Operating Performance - Non-GAAP operating margin for fiscal year 2025 is expected to be in the range of 27.5% to 28.0%[10] - Non-GAAP operating income reached 616.2million,up16.4616.2 million, up 16.4% from 529.3 million in Q3 2023[34] Financial Position - Remaining performance obligation grew 20% year over year to 12.6billion[2]−Cashandcashequivalentsincreasedto12.6 billion[2] - Cash and cash equivalents increased to 2,282.8 million, up from 1,535.2millioninthepreviousquarter[37]−Goodwillincreasedto1,535.2 million in the previous quarter[37] - Goodwill increased to 4,050.8 million, reflecting significant acquisition activity[37] - Total deferred revenue stood at 11,093.6million,with11,093.6 million, with 5,507.7 million in current liabilities and 5,585.9millioninlong−termliabilities[37]−Totalassetsgrewto5,585.9 million in long-term liabilities[37] - Total assets grew to 20,374.6 million, up from 19,990.9millioninthepreviousquarter[37]ResearchandDevelopment−Researchanddevelopmentexpensesincreasedto19,990.9 million in the previous quarter[37] Research and Development - Research and development expenses increased to 480.4 million, up 17.3% from $409.5 million in Q3 2023[31]