-=Palo Alto Networks (PANW) reported earnings on Mon 20 November 2017 (a/h)

Palo Alto Networks beats by $0.06, beats on revs; guides Q2 EPS above consensus, revs in-line; guides FY18 EPS above consensus, revs in-line; Appoints new CFO 

• Reports Q1 (Oct) earnings of $0.74 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.68; revenues rose 27.0% year/year to $505.5 mln vs the $489.36 mln Capital IQ Consensus.
  • Billings increased 15% y/y to $596 mln, guidance was $580-600 mln.
• Co issues guidance for Q2, sees EPS of $0.78-0.80, excluding non-recurring items, vs. $0.77 Capital IQ Consensus Estimate; sees Q2 revs of $518-528 mln vs. $519.73 mln Capital IQ Consensus Estimate.
  • Total Billings expected in the range of $640-655 mln.
• Co issues guidance for FY18, sees EPS of $3.35-3.41, excluding non-recurring items, vs. $3.30 Capital IQ Consensus Estimate; sees FY18 revs of $2.145-2.185 bln vs. $2.15 bln Capital IQ Consensus Estimate.
  • Total Billings in the range of $2.650-2.710 bln.
• New CFO
  • This afternoon, the company announced the appointment of Kathy Bonanno as the company's next chief financial officer. Ms. Bonanno has held senior finance positions at Palo Alto Networks since 2014 and, most recently, had responsibility for financial planning, treasury, enterprise risk management and facilities.