Palo Alto(US:PANW)2025-05-20 20:16Q3 Fiscal Year 2025 Performance - Palo Alto Networks surpassed a $5.09 billion milestone in Next-Generation Security Annual Recurring Revenue (NGS ARR), representing a 34% year-over-year increase[8] - The company's Remaining Performance Obligation (RPO) reached $13.5 billion, a 19% increase year-over-year[8] - Total revenue for Q3'25 was $2.29 billion, up 15% year-over-year[8] - Non-GAAP operating income was $627 million, a 23% increase year-over-year[8] - Non-GAAP EPS was $0.80, a 21% increase year-over-year[8] - Adjusted Free Cash Flow (non-GAAP) was $578 million[8] Platformization and Growth Drivers - The company added approximately 900 net new platformizations in Q3'25[11] - There are approximately 1,250 total platformizations[11] - The number of customers with >$5 million NGS ARR is 130, a 41% year-over-year increase[11] - The number of customers with >$10 million NGS ARR is 44, a 63% year-over-year increase[11] - Cortex XSIAM ARR experienced growth of over 200% year-over-year[16] - Approximately 70% of Software Firewall ARR is deployed in the public cloud[21] - Software Firewall ARR grew by approximately 20% year-over-year[21] - SASE ARR grew by 36% year-over-year[25] - Approximately 3 million licenses have been sold for Prisma Access Browser (PAB)[28] - Approximately one-third of Prisma Access seats sold in Q3 were for Prisma Access Browser[28] - AI ARR reached approximately $400 million in Q3'25[38] Guidance - The company projects Next-Gen Security ARR of $5.52 billion - $5.57 billion for fiscal year 2025, representing a 31%-32% year-over-year increase[44] - The company projects total revenue of $9.17 billion - $9.19 billion for fiscal year 2025, representing a 14% year-over-year increase[44]