{"id":44011,"date":"2021-11-18T21:28:00","date_gmt":"2021-11-18T21:28:00","guid":{"rendered":"http:\/\/61a8580d-0eea-443f-8c05-36f55343b88f"},"modified":"2021-11-18T21:28:00","modified_gmt":"2021-11-18T21:28:00","slug":"palo-alto-networks-raises-fy22-revenue-guidance","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/palo-alto-networks-raises-fy22-revenue-guidance\/","title":{"rendered":"Palo Alto Networks raises FY22 revenue guidance"},"content":{"rendered":"

Palo Alto Networks on Thursday published solid first quarter financial results<\/a> and raised its FY 2022 revenue guidance. <\/p>\n

Non-GAAP net income for the first quarter was $170.3 million, or $1.64 per diluted share. First-quarter revenue grew 32% year-over-year to $1.2 billion. <\/p>\n

Analysts were expecting earnings of $1.57 per share on revenue of $1.2 billion.<\/p>\n

“Q1 was a strong start to fiscal year 2022, driven by strength in both our product and Next-Generation Security businesses, giving us confidence to raise our revenue and billings guidance for the year,” chairman and CEO Nikesh Arora said in a statement. “We continue to see strong customer demand and have continued to release key innovations which give us confidence in the durable growth we presented at our September Analyst Day.”   <\/p>\n

First-quarter billings grew 28% year-over-year to $1.4 billion. Remaining performance obligation (RPO) grew 37% to $6 billion. <\/p>\n

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