Cybersecurity leader Palo Alto Networks raises sales guidance

Palo Alto Networks, the global cybersecurity leader, announced financial results for its fiscal first quarter 2022, ended October 31, 2021.
Palo Alto Networks cyber security solutions
Palo Alto Networks said its revenue grew 32 percent to $1.2 billion for the fiscal first quarter 2022 vs $946 million for the fiscal first quarter 2021.

Palo Alto Networks reported net loss of $103.6 million, or $1.06 per diluted share, compared with net loss of $92.2 million, or $0.97 per diluted share.

Palo Alto Networks is expecting billings of $1.51-$1.53 billion, representing year-over-year growth of 24-26 percent for the fiscal second quarter 2022.

Palo Alto Networks is expecting revenue of $1.265-$1.285 billion, representing year-over-year growth of 24-26 percent for the fiscal second quarter 2022.

Palo Alto Networks is expecting billings of $6.675-$6.725 billion, representing year-over-year growth of 22-23 percent for the fiscal year 2022.

Palo Alto Networks is expecting revenue of $5.35-$5.40 billion, representing year-over-year growth of 26-27 percent for the fiscal year 2022.