FX.co ★ Palo Alto Networks, Inc. Q1 Profit Increases, Beats Estimates

Palo Alto Networks, Inc. (PANW) reported its first-quarter earnings, showcasing an impressive increase from the same period last year, and surpassing Wall Street's expectations.

The company posted a net income of $350.7 million, or $0.99 per share, up from $194.2 million, or $0.56 per share, in the previous first quarter.

Notably, excluding certain items, Palo Alto Networks, Inc. achieved adjusted earnings of $544.9 million, or $1.56 per share, for this period.

Analysts, as surveyed by Thomson Reuters, had on average anticipated earnings of $1.48 per share. These estimates typically do not include special items.

The company's quarterly revenue increased by 13.8%, reaching $2.138 billion compared to $1.878 billion in the prior year.

Here’s a snapshot of Palo Alto Networks, Inc.'s earnings (GAAP):

- Earnings (Q1): $350.7 million vs. $194.2 million last year.

- Earnings per Share (Q1): $0.99 vs. $0.56 last year.

- Revenue (Q1): $2.138 billion vs. $1.878 billion last year.

**Guidance:**

- Projected EPS for next quarter: $1.54 - $1.56

- Expected revenue for next quarter: $2.22 - $2.25 billion

- Full-year EPS guidance: $6.26 - $6.39

- Full-year revenue projection: $9.12 - $9.17 billion