Palo Alto Networks Announces Q4 2024 Earnings Release Date and Guidance Update
Earnings Release Date and Consensus Estimate
Palo Alto Networks (NASDAQ: PANW) will release its financial results for the fourth quarter of fiscal 2024 on August 19, 2024.
The consensus estimate for the company's Q4 2024 earnings is $1.65 per share.
Revenue and Billings Guidance
For fiscal year 2024, Palo Alto Networks is updating its guidance and expects:
- Total billings in the range of $10.13 billion to $10.18 billion, representing year-over-year growth of 15% to 16%.
- Total revenue growth of approximately 20% year-over-year.
Financial Performance Update
For the fiscal second quarter of 2024, Palo Alto Networks reported:
- Total revenue of $2.0 billion, a 19% increase year-over-year.
- Total billings of $2.5 billion, a 16% increase year-over-year.
- Net income of $302.5 million, a 4% decline year-over-year.
Additional Information
More detailed information on Palo Alto Networks' financial performance can be found on the company's investor relations website.
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