Palo Alto Networks Full Year 2024 Earnings: EPS Beats Expectations

Palo Alto Networks (NASDAQ:PANW) Full Year 2024 Results

Key Financial Results

• Revenue: US$8.03b (up 17% from FY 2023).
• Net income: US$2.58b (up 486% from FY 2023).
• Profit margin: 32% (up from 6.4% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: US$8.08 (up from US$1.45 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Palo Alto Networks EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 10% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Palo Alto Networks (of which 1 is a bit concerning!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.