Palo Alto (PANW) expects FQ1 revenue of $118M-$122M and EPS of $0.07 vs. a consensus of $119.1M and $0.08.
The company strikes a fairly upbeat tone about FY14 overall, and predicts it will end the fiscal year with op. margins in the low double digits.
Analysts are probing Palo Alto about the impact of recent salesforce changes; the company insists all is well.
Like many young U.S.-based enterprise tech companies, Palo Alto remains very dependent on U.S. sales. 62% of FQ4 revenue came from the Americas, 22% from EMEA, and 16% from Asia-Pac.
FQ4 billings totaled $142.3M (+51% Y/Y) vs. revenue of $112.4M. Palo Alto claims an 85%+ renewal rate for its security services. Demand for the company's new WildFire malware protection platform (deployed as a cloud service) is said to be in-line with expectations.
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