Sovereign Metals Ltd is focused on the exploration and development of its flagship Kasiya rutile-graphite project in Malawi along with its strategic investor, Rio Tinto. Kasiya is the largest known rutile (titanium) deposit and the second-largest flake graphite resource globally. Rio Tinto invested A$40.4 million in July 2023 for an initial 15% to advance the Kasiya definitive feasibility study (DFS) ...

Financial Data and Key Metrics - Total revenue for Q1 2025 was $2.14 billion, growing 14% YoY, exceeding guidance [47] - Product revenue grew 4%, while services revenue grew 16%, with subscription revenue up 21% and support revenue up 8% [47] - NGS ARR grew 40% YoY to $4.52 billion, driven by platformization and the QRadar SaaS acquisition [9][48] - Operating margin expanded by 60 basis points YoY, leading to 13% EPS growth and strong cash generation [9] - RPO grew 20% YoY to $12.6 billion, with current RPO up 18% to $5.9 billion [48] Business Line Performance - Next-Gen Security (NGS) ARR reached $4.5 billion, up 40% YoY, with Cortex and NetSec showing strong growth [9] - Cloud security crossed $700 million in ARR, while Cortex surpassed $1 billion in ARR [18] - Network security saw steady demand, with 70% of virtual firewall ARR coming from public cloud deployments [23] - SASE customers grew 20%, with 40% being net-new to Palo Alto Networks [24] - Cortex XSIAM now has over 150 active customers, with 40 having more than $1 million in ARR [33] Market Performance - Double-digit revenue growth across all regions: Americas up 12%, EMEA up 21%, and JAPAC up 13% [48] - The company signed 305 transactions over $1 million, up 13%, and 60 transactions over $5 million, up 30% [22] - The IBM QRadar acquisition added 550 SaaS customers and over $80 million in TCV, with a pipeline worth over $1 billion [34][35] Strategy and Industry Competition - The company is focused on platformization, aiming to consolidate point products into integrated platforms [10][14] - Gartner predicts 45% of organizations will use fewer than 15 cybersecurity tools by 2028, up from 13% in 2023 [11] - The company is leveraging AI and automation to enhance its platform strategy, with early success in XSIAM and Cloud platforms [12][13] - The company aims to achieve 2,500 to 3,500 platformization deals by fiscal year 2030 [16] Management Commentary on Market and Future Outlook - The cybersecurity market is growing faster than the overall technology market, driven by AI and automation [7] - The company is confident in its platformization strategy, which is driving sustainable profitable growth [40][41] - The company raised its FY 2025 guidance for NGS ARR, revenue, and EPS, reflecting strong performance and confidence in its strategy [44] Other Important Information - The company announced a two-for-one stock split to make shares more accessible to employees and investors [44][58] - The company is focusing on RPO and NGS ARR as key metrics, driving long-term value creation [52][53] Q&A Summary Question: Margin implications of platformization - Platformization reduces cost of sales, improves cloud COGS margins, and enhances customer support efficiency through automation [63] Question: Impact of competitors' hardware refresh cycles - The company sees opportunities to displace competitors during their refresh cycles, with steady growth in hardware demand [66][68] Question: Macro outlook and federal government spending - AI is driving increased cybersecurity spend, while platformization helps customers consolidate and reduce costs [72] Question: Integration between Cortex and Cloud - The company is integrating Cortex and Cloud to provide real-time cloud security, with early success in combining Prisma Cloud and Cortex capabilities [75][76] Question: NGS ARR growth and QRadar impact - NGS ARR growth includes a one-time benefit from QRadar, with half expected to migrate to XSIAM by year-end [94][95] Question: Prisma SASE growth and customer acquisition - SASE growth is driven by both new customers and displacement of competitors, with 40% of SASE customers being net-new [99] Question: Strategy for QRadar on-premise customers - The company is actively working to migrate on-premise QRadar customers to XSIAM, with a $1 billion pipeline and strong IBM partnership [103][104] Question: Contract duration and platformization - Contract durations remain steady at three years, with some customers opting for shorter terms due to expected future innovations [107]

For the quarter ended October 2024, Palo Alto Networks (PANW) reported revenue of $2.14 billion, up 13.9% over the same period last year. EPS came in at $1.56, compared to $1.38 in the year-ago quarter.The reported revenue represents a surprise of +0.95% over the Zacks Consensus Estimate of $2.12 billion. With the consensus EPS estimate being $1.48, the EPS surprise was +5.41%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Table of Contents _____________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35594 PALO ALTO NETWORKS, INC. (Exact name of registrant as spec ...

Palo Alto Networks (PANW) came out with quarterly earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.41%. A quarter ago, it was expected that this security software maker would post earnings of $1.41 per share when it actually produced earnings of $1.51, delivering a surprise of 7.09%.Over the last four quart ...

% paloalto Q1 Fiscal Year 2025 Earnings Call November 20, 2024 | © 2024 Palo Alto Networks, Inc. All rights reserved. © 2024 Palo Alto Networks, Inc. All rights reserved. Safe Harbor 2 This presentation contains "forward-looking" statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including the cybersecurity threat landscape, expectations regarding our platformization strategy and related progress and opportunities, long-term expectations regarding annual ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Revenue Growth - Fiscal first quarter revenue grew 14% year over year to $2.1 billion[2][3] - For fiscal second quarter 2025, total revenue is expected to be in the range of $2.22 billion to $2.25 billion, representing year-over-year growth of 12% to 14%[8] - For fiscal year 2025, total revenue is expected to be in the range of $9.12 billion to $9.17 billion, representing year-over-year growth of 14%[10] - Total revenue for Q3 2024 increased to $2,138.8 million, up 13.9% from $1,878.1 million in Q3 2023[31] - Subscription and support revenue grew to $1,785.0 million, a 16.1% increase from $1,537.0 million in the same period last year[31] Next-Generation Security ARR - Next-Generation Security ARR grew 40% year over year to $4.5 billion[2] - For fiscal second quarter 2025, Next-Generation Security ARR is expected to be $4.70 billion to $4.75 billion, representing year-over-year growth of 35% to 36%[8] - For fiscal year 2025, Next-Generation Security ARR is expected to be $5.52 billion to $5.57 billion, representing year-over-year growth of 31% to 32%[10] Net Income and Earnings - GAAP net income for the fiscal first quarter 2025 was $350.7 million, or $0.99 per diluted share[3] - Non-GAAP net income for the fiscal first quarter 2025 was $544.9 million, or $1.56 per diluted share[4] - Net income for Q3 2024 rose to $350.7 million, compared to $194.2 million in Q3 2023, an 80.6% increase[31] - Non-GAAP net income per share, diluted, was $1.56, compared to $1.38 in the same period last year[34] Operating Performance - Non-GAAP operating margin for fiscal year 2025 is expected to be in the range of 27.5% to 28.0%[10] - Non-GAAP operating income reached $616.2 million, up 16.4% from $529.3 million in Q3 2023[34] Financial Position - Remaining performance obligation grew 20% year over year to $12.6 billion[2] - Cash and cash equivalents increased to $2,282.8 million, up from $1,535.2 million in the previous quarter[37] - Goodwill increased to $4,050.8 million, reflecting significant acquisition activity[37] - Total deferred revenue stood at $11,093.6 million, with $5,507.7 million in current liabilities and $5,585.9 million in long-term liabilities[37] - Total assets grew to $20,374.6 million, up from $19,990.9 million in the previous quarter[37] Research and Development - Research and development expenses increased to $480.4 million, up 17.3% from $409.5 million in Q3 2023[31]

Fiscal first quarter revenue grew 14% year over year to $2.1 billion. Next-Generation Security ARR grew 40% year over year to $4.5 billion. Remaining performance obligation grew 20% year over year to $12.6 billion.SANTA CLARA, Calif., Nov. 20, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today financial results for its fiscal first quarter 2025, ended October 31, 2024.Total revenue for the fiscal first quarter 2025 grew 14% year over year to $2.1 billio ...

Palo Alto Networks Inc PANW will report its first-quarter earnings on Wednesday. Wall Street expects $1.48 in EPS and $2.12 billion in revenues as the company reports after market hours.The stock is up 48.93% over the past year, 34.31% year-to-date.The cybersecurity giant, which has seen a tremendous rally along with the broader sector, may be ripe for another round of volatility as it reports.Let’s look at what the charts indicate for Palo Alto stock and how the stock currently maps against Wall Street est ...