=Palo Alto Networks (PANW) reported earnings on Thur 31 August 2017 (a/h)

Palo Alto Networks beats by $0.13, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY18 EPS in-line, revs in-line; CFO Tomlinson retires

• Reports Q4 (Jul) earnings of $0.92 per share, $0.13 better than the Capital IQ Consensus of $0.79; revenues rose 27.0% year/year to $509 mln vs the $487.53 mln Capital IQ Consensus.
  • Fiscal fourth quarter billings grow 17 percent year over year to $670.8 million;
  • Deferred revenue grows 43 percent year over year to $1.8 billion.
• CFO Retires
  • "Also, Steffan Tomlinson, our chief financial officer, has informed me of his intent to retire from his position. I would like to thank Steffan for his contributions to Palo Alto Networks and his leadership role in guiding the company through a period of tremendous growth and market share gains. We are initiating a search for his replacement, and Steffan will remain in his current position until the search is completed."
• Co issues in-line guidance for Q1, sees EPS of $0.67-0.69, excluding non-recurring items, vs. $0.68 Capital IQ Consensus Estimate; sees Q1 revs of $482-492 mln vs. $486.91 mln Capital IQ Consensus Estimate.
  • Product revenue in the range of $170 to $173 million, representing year-over-year growth between 4 percent and 6 percent.
  • Total billings in the range of $580 to $600 million, representing year-over-year growth between 12 percent and 16 percent.
• Co issues in-line guidance for FY18, sees EPS of $3.24-3.34, excluding non-recurring items, vs. $3.27 Capital IQ Consensus Estimate; sees FY18 revs of $2.125-2.165 bln vs. $2.13 bln Capital IQ Consensus Estimate.
  • Product revenue in the range of $735 to $750 million, representing year-over-year growth between 4 percent and 6 percent.
  • Total billings in the range of $2.64 to $2.70 billion, representing year-over-year growth between 15 percent and 18 percent.