** charts before earnings **
** charts after earnings **
Palo Alto Networks beats by $0.03, beats on revs; guides Q2 EPS in-line, revs above consensus :
- Reports Q1 (Oct) earnings of $0.35 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.32; revenues rose 54.4% year/year to $297 mln vs the $284.49 mln Capital IQ Consensus.
- Deferred revenue grew 71% y/y to $804.5 million
- Billings increased 61% y/y to $388 mln.
- Improved non-GAAP operating leverage both sequentially and year-over-year. This resulted in cash flow from operations of $146.7 million and free cash flow of $127.2 million.
- Co issues guidance for Q2, sees EPS of $0.38-0.39, excluding non-recurring items, vs. $0.38 Capital IQ Consensus Estimate; sees Q2 revs of $314-318 vs. $310.81 mln Capital IQ Consensus Estimate.
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