Palo Alto Networks shares drop as billings guidance falls short; Seen as a 'minor speed bump'

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Go back to Palo Alto Networks shares drop as billings guidance falls short; Seen as a 'minor speed bump'

Palo Alto Networks Reports Fiscal First Quarter 2024 Financial Results

November 15, 2023 4:05 PM EST

Fiscal first quarter revenue grew 20% year over year to $1.9 billion.Remaining performance obligation grew 26% year over year to $10.4 billion.Fiscal first quarter Non-GAAP operating margin and Non-GAAP net income per share ahead of guidance, and raising FY'24 guidance on both metrics.

SANTA CLARA, Calif., Nov. 15, 2023 /PRNewswire/ -- Palo Alto Networks (NASDAQ:... More