Palo Alto Networks (PANW) Tops Q1 EPS by 2c, Guidance Misses Consensus

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Palo Alto Networks Reports Fiscal First Quarter 2020 Financial Results

November 25, 2019 4:15 PM EST

SANTA CLARA, Calif., Nov. 25, 2019 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, announced today financial results for its fiscal first quarter 2020, ended October 31, 2019.

Total revenue for the fiscal first quarter 2020 grew 18 percent year over year to $771.9 million, compared with total revenue of $656.0 million for the fiscal first quarter 2019. GAAP net loss for the fiscal first quarter 2020 was $59.6 million, or $0.62 per diluted share, compared with GAAP net loss of $38.3 million, or $0.41 per diluted share, for the fiscal first quarter 2019.

Non-GAAP net income for the fiscal first quarter 2020 was... More