Palo Alto Networks Earnings Live Blog: Q2 Conference Call
Palo Alto Networks Inc (NYSE: PANW) reports earnings on Monday afternoon. Below is a live blog of the events. The conference call is scheduled to begin at 4:30 PM ET.
05:18:58pm: The conference call has concluded.
05:16:12pm: Response to a question on internal innovation: "One thing we never forget is...Palo Alto has been very innovative and very disruptive. We put a lot of resources into innovation. If you just think back in the last 12 months...we're going to continue to innovate, if you come to Ignite we'll talk about that."
05:08:11pm: In order to detect and prevent threats, you need to be able to see traffic "everywhere." If you can't, you're going to have a very hard time.
05:04:44pm: There's no real top line risk to a strong USD.
05:00:56pm: "We don't envision any derailment from our track right now."
04:58:16pm: Our sales team can tell a great story for logo acquisition, and new customer adds are strong. Existing customer adds are strong too..."we see a lot of demand from our existing customer base."
04:57:34pm: Piper Jaffray mentions WildFire is "gaining traction." Analyst asks about the customer mix.
04:55:01pm: Response: WildFire's competition is primarily FireEye. People compare ours with FireEye, and "ultimately choose" ours.
04:54:11pm: Credit Suisse analyst asks about WildFire.
04:50:55pm: "We're going to continue to balance top line growth with investing in the business...we're focused in taking as much market share as possible, but doing it profitably."
04:50:44pm: Goldman analyst asks about margin guidance.
04:50:10pm: Q&A begins.
04:44:22pm: Talking revenue on call.
04:40:45pm: We serve 81 of the Fortune 100; examples of new customer wins include a global financial giant in Europe and one of the world's largest insurance companies.
04:37:11pm: We serve 81 of the Fortune 100; examples of new customer wins include a global financial giant in Europe and one of the world's largest insurance companies.
04:34:12pm: McLaughlin: We're in a "paradigm shift," everyone needs cybersecurity.
04:33:11pm: CEO Mark McLaughlin: "We delivered very strong results across all metrics." Billings were up 51 percent year-over-year. "Our results support our belief that our [platform]" is the right solution at the right time in history.
04:05:30pm: Palo Alto Networks Reports Q2 2015 Adj. EPS $0.19 vs $0.17 Est., Sales $217.7M vs $204M Est.
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