00:00 Speaker A
Palo Alto Networks first quarter earnings are just now crossing the wire here. Let’s get you those results. Q1 adjusted EPS, 93 cents.
00:06 Speaker A
The street was at 90 cents. Q1 revenue, 2.5 billion, uh versus an estimate of 2.46 billion. More importantly, let’s look at the guidance.
00:13 Speaker A
Q2 adjusted EPS they’re calling for between 93 cents and 95 cents. Uh the street was at 93 cents.
00:18 Speaker A
Uh this the at least initially here, it looks like uh this it’s down a bit in the after hours. I’m just looking for some commentary from the CEO.
00:26 Speaker A
There it is. This is Nikesh Arora. He’s talking about a strong start to the fiscal year marked by excellent results.
00:31 Speaker A
He talks about strategic acquisitions of Cyber Ark and Chronosphere that he says positions us as the data and security partner of choice in this new AI era.
00:39 Speaker A
Um, I’m looking ahead to full year results as well. I wanted to see what they’re guiding there for. It looks like uh they are seeing uh
00:48 Speaker A
full year revenue they’re calling for 10.5 to 10.54 billion. They had seen 10.48 to 10.53 billion.
00:55 Speaker A
And that acquisition um will be in the headlines. Well, they are buying Chronosphere they say for 3.35 billion. I know there had been some questions on the street heading into the print
01:03 Speaker A
about the government shutdown, how that may have impacted the results. That’s going to come up on the call. Most on the street like this name. Uh the vast majority in fact, you’ll hear Bulls talk about market leadership, expanding portfolio,
01:14 Speaker A
the broad network they’ll say of of channel partners. At least initially though, that stock down about 5% here in the after hours.