- Revenue: $1.54B, +14% YoY
- Net Income: $433.4M, +45% YoY
- Free Cash Flow: $782.8M, +29% YoY
🌱Revenue & Growth
- Product Revenue: $459.1M, +12% YoY
- Service Revenue: $1.08B, +14% YoY
- Billings: $1.60B, +14% YoY
- Unified SASE ARR: $1.15B, +26% YoY
- Security Operations ARR: $434.5M, +30% YoY
💰Profits & Health
- GAAP Operating Margin: 29.5% vs 23.7% in Q1 2024
- Non-GAAP Operating Margin: 34.2% vs 28.5% in Q1 2024
- Non-GAAP Net Income: $452.3M, +35% YoY
- Cash & Equivalents: $3.60B, +25% QoQ
- Remaining Performance Obligations: $6.49B, +12% YoY
📌Business Highlights
- Achieved record Q1 GAAP operating margin
- Acquired Linksys Holdings, Inc.
- Invested in Unified SASE and Security Operations
- Strengthened leadership in Secure Networking
- Received $14.0M from intellectual property matter
🔮Future Outlook
- Q2 2025 Revenue: $1.59B-$1.65B
- Q2 2025 Billings: $1.685B-$1.765B
- FY2025 Revenue: $6.65B-$6.85B
- FY2025 Non-GAAP Operating Margin: 31.5%-33.5%
- FY2025 Non-GAAP EPS: $2.43-$2.49