🔹 Non-GAAP EPS: $0.81 (Est. $0.85) 🔴
🔹 Revenue: $2.30B (Est. $2.502B) 🔴; UP +14% YoY
🔹 Next-Generation Security ARR: $4.8B; UP +37% YoY
🔹 RPO: $13.0B; UP +21% YoY
Q3 Guidance:
🔹 Revenue: $2.26B - $2.29B (Est. $2.271B) 🟡; UP +14% to +15% YoY
🔹 Next-Generation Security ARR: $5.03B - $5.08B; UP +33% to +34% YoY
🔹 RPO: $13.5B - $13.6B; UP +19% to +20% YoY
🔹 Non-GAAP EPS: $0.76 - $0.77 (Est. $0.76) 🟡
FY25 Guidance:
🔹 Non-GAAP EPS: $3.18 - $3.24 (Est. $3.17) 🟡
🔹 Revenue: $9.14B - $9.19B (Est. $9.148B) 🟡; UP +14% YoY
🔹 Next-Generation Security ARR: $5.52B - $5.57B; UP +31% to +32% YoY
🔹 Non-GAAP Operating Margin: 28.0% - 28.5%
Segment Performance (Q2 FY25):
🔹 Product Revenue: $421.5M; UP +7.9% YoY
🔹 Subscription and Support Revenue: $1.84B; UP +15.8% YoY
Key Operational Metrics:
🔹 Total Gross Margin: 73.5%; Flat YoY
🔹 Operating Income (Non-GAAP): $526.9M; UP +96% YoY
🔹 Operating Margin (Non-GAAP): 28.0%; UP +10pp YoY
Strategic Updates:
🔸 Announced appointments of Helle Thorning-Schmidt (former PM of Denmark) and Ralph Hamers (former CEO of UBS Group AG) to the Board of Directors.
🔸 Strength in AI-driven security solutions continues to drive Next-Generation Security platform adoption.
Management Commentary:
🔸 CEO Nikesh Arora: "Our Q2 performance highlights strong growth in Next-Generation Security and demonstrates the confidence customers place in our platforms. We remain steadfast in our 2030 plans, including achieving our $15B NGS ARR goal."
🔸 CFO Dipak Golechha: "With the benefits of scale and AI-related efficiency initiatives, we delivered profitable growth. We are raising FY25 operating margin and EPS guidance in line with these results."