Palo Alto Networks, Inc.
Palo Alto Networks Reports Strong Q3 2024 Financial Results
Summary
On May 20, 2024, Palo Alto Networks, Inc. announced its financial results for the fiscal third quarter 2024. The company reported total revenue of $2.0 billion, a 15% increase year-over-year, and non-GAAP net income of $454.9 million, or $1.32 per diluted share. Remaining performance obligation grew 23% year-over-year to $11.3 billion. For the fiscal fourth quarter 2024, the company expects total billings in the range of $3.43 billion to $3.48 billion and total revenue in the range of $2.15 billion to $2.17 billion. For the fiscal year 2024, the company updated its guidance to expect total billings in the range of $10.13 billion to $10.18 billion and total revenue in the range of $7.99 billion to $8.01 billion.
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About Palo Alto Networks, Inc.
Palo Alto Networks, Inc. is a leading cybersecurity company that provides advanced security solutions to protect digital enterprises. The company's primary function is to safeguard organizations across various sectors with its innovative, integrated security platforms to combat increasingly sophisticated cyber threats. The offerings of Palo Alto Networks encompass network security, cloud security, endpoint protection, and threat intelligence services, delivering a comprehensive shield against vulnerabilities for businesses globally. With its headquarters in Santa Clara, California, the company plays a pivotal role in the cybersecurity market by helping firms ensure safe and secure digital environments. Palo Alto Networks serves a diverse clientele, including healthcare, finance, government, and technology industries, all reliant on robust security measures to protect sensitive data and maintain operational integrity. Through its forward-looking approach and commitment to innovation, Palo Alto Networks continues to expand its impact, leading the charge in the evolution of digital security infrastructure.
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