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Palo Alto Networks Sees Q2 Adj. EPS $1.42-$1.44 vs $1.35 Est., Sales $975M-$990M vs $970.96M Est.; Sees FY21 Adj. EPS $5.70-$5.80 vs $5.60 Est., Sales $4.09B-$4.14B vs $4.02B Est.

Palo Alto Networks provides guidance based on current market conditions and expectations. For the fiscal second quarter 2021, we expect: Total billings in the range of $1.17

· 11/16/2020 07:04

Palo Alto Networks provides guidance based on current market conditions and expectations.

For the fiscal second quarter 2021, we expect:

  • Total billings in the range of $1.17 billion to $1.19 billion, representing year-over-year growth of between 17% and 19%.
  • Total revenue in the range of $975 million to $990 million, representing year-over-year growth of between 19% and 21%.
  • Diluted non-GAAP net income per share in the range of $1.42 to $1.44, using 98 million to 100 million shares.

For the fiscal year 2021, we are raising guidance and expect:

  • Total billings in the range of $5.08 billion to $5.13 billion, representing year-over-year growth of between 18% and 19%.
  • Total revenue in the range of $4.09 billion to $4.14 billion, representing year-over-year growth of between 20% and 21%.
  • Diluted non-GAAP net income per share in the range of $5.70 to $5.80, using 99 million to 101 million shares.
  • Adjusted free cash flow margin of approximately 29%.