Palo Alto Networks (PANW) Tops Q1 EPS by 29c, Revenues Beat; Raises FY21 EPS/Revenue Guidance Above Consensus, 2Q EPS/Revenues Views Above Consensus

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Go back to Palo Alto Networks (PANW) Tops Q1 EPS by 29c, Revenues Beat; Raises FY21 EPS/Revenue Guidance Above Consensus, 2Q EPS/Revenues Views Above Consensus

Palo Alto Networks Reports Fiscal First Quarter 2021 Financial Results

November 16, 2020 7:00 AM EST

SANTA CLARA, Calif., Nov. 16, 2020 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, announced today financial results for its fiscal first quarter 2021, ended October 31, 2020.

Total revenue for the fiscal first quarter 2021 grew 23% year over year to $946.0 million, compared with total revenue of $771.9 million for the fiscal first quarter 2020. GAAP net loss for the fiscal first quarter 2021 was $92.2 million, or $0.97 per diluted share, compared with GAAP net loss of $59.6 million, or $0.62 per diluted share, for the fiscal first quarter 2020.

Non-GAAP net income for the fiscal first quarter 2021 was $158.1... More