Next-generation cybersecurity giant Palo Alto Networks delivered a strong quarterly earnings beat Tuesday and raised its full-year outlook on the back of stellar margin discipline, validating our recent choice to make the technology firm the Club's newest holding. Revenue increased 26% year-over-year, to $1.65 billion, beating analysts' expectations for $1.65 billion, according to estimates compiled by Refinitiv.
earnings-per-share increased to 25 cents on an annual basis, compared with a loss of 32 cents a year prior, handily beating forecasts of a 1-cent-per-share loss, according to Refinitiv. Adjusted EPS grew 81% year-over-year, to $1.05 apiece, ahead of analysts' forecasts for EPS of 78 cents, Refinitiv data showed. Total billings increased 26% annually, to $2.03 billion, beating estimates of $1.97 billion.
adjusted operating margin and free cash flow margin from last year, crushing estimates. As a result, management raised its margin target for fiscal year 2023 by 200 basis points, to a range of 21.5% to 22%, and anticipates more room to grow in fiscal year 2024 and beyond. This quarter marked Palo Alto Networks' third consecutive quarter of
profitability. The company has now achieved profitability on a cumulative basis for the last four quarters, making it eligible for inclusion in the S & P 500 , according to management — a development that would likely bolster the company's stock price. Outlook For Palo Alto Networks' fiscal year 2023, management raised its outlook across several different metrics. Total billings are now expected to grow between 22% and 23% year-over-year, up from a prior estimate of 20% to 22%, to be in a range of $9.10 billion to $9.
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: verge - 🏆 94. / 67 اقرأ أكثر »