=Palo Alto Networks (PANW) earnings on Mon 21 Nov 2016 (a/h)

Palo Alto Networks beats by $0.03, reports revs in-line; guides Q2 EPS in-line, revs below consensus :

• Reports Q1 (Oct) earnings of $0.55 per share, $0.03 better than the Capital IQ Consensus of $0.52; revenues rose 34.0% year/year to $398.1 mln vs the $400.38 mln Capital IQ Consensus.
  • Billings grew 33% y/y to $516.9 bln (Q2 increased 45% y/y)
• Co issues guidance for Q2, sees EPS of $0.61-0.63, excluding non-recurring items, vs. $0.63 Capital IQ Consensus Estimate; sees Q2 revs of $426-432 mln vs. $439.28 mln Capital IQ Consensus Estimate.