Palo Alto Networks (PANW) Tops Q1 EPS by 3c, Offers Q2 Guidance
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Palo Alto Networks (NYSE: PANW) reported Q1 EPS of $0.35, $0.03 better than the analyst estimate of $0.32. Revenue for the quarter came in at $297.2 million versus the consensus estimate of $284.19 million.
Palo Alto Networks sees Q2 2015 EPS of $0.38-$0.39, versus the consensus of $0.38. Palo Alto Networks sees Q2 2015 revenue of $314-318 million, versus the consensus of $310.58 million.
"We had a very strong start to fiscal year 2016 that included achieving our highest fiscal first quarter revenue and billings year-over-year growth rates since going public," said Mark McLaughlin, president and chief executive officer of Palo Alto Networks. "We believe that our success is due to our unwavering commitment to solving our customers' most complex security challenges with the industry's most innovative technology. Security remains a strategic consideration for companies globally, and it is clear from our results that our natively integrated and automated next-generation platform is resonating very well as the long-term strategic answer for customers' security needs."
For earnings history and earnings-related data on Palo Alto Networks (PANW) click here.
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