Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today financial results for its fiscal first quarter 2023, ended October 31, 2022.Total revenue for the fiscal first quarter 2023 grew 25% year over year to $1.6 billion, compared with total revenue of $1.2 billion for the fiscal first quarter 2022. GAAP net income for the fiscal first quarter 2023 was $20.0 million, or $0.06 per diluted share, compared with GAAP net loss of $103.6 million, or $0.35 per diluted share, for the fiscal first quarter 2022.Non-GAAP net income for the fiscal first quarter 2023 was $266.4 million, or $0.83 per diluted share, compared with non-GAAP net income of $170.3 million, or $0.55 per diluted share, for the fiscal first quarter 2022. A reconciliation between GAAP and non-GAAP information is contained in the tables below."Our growth in Q1 was driven by customers continuing to increase their commitments to our security platforms as they are able to choose our best-of-breed capability and simplify their security architecture," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "We are focused on expanding the breadth of our offerings and our pace of innovation to continue to drive share gains in the cybersecurity market.""We exceeded our top-line guidance while generating $1.2 billion in free cash flow and expanding our operating margins," said Dipak Golechha, chief financial officer of Palo Alto Networks. "We will continue to balance growth with profitability and cash generation to further strengthen our position in the market."Financial OutlookPalo Alto Networks provides guidance based on current market conditions and expectations.For the fiscal second quarter 2023, we expect:Total billings in the range of $1.94 billion to $1.99 billion, representing year-over-year growth of between 21% and 24%.Total revenue in the range of $1.63 billion to $1.66 billion, representing year-over-year growth of between 24% and 26%.Diluted non-GAAP net income per share in the range of $0.76 to $0.78, using 320 million to 326 million shares outstanding.For the fiscal year 2023, we are broadly raising guidance and expect:Total billings in the range of $8.95 billion to $9.10 billion, representing year-over-year growth of between 20% and 22%.Total revenue in the range of $6.85 billion to $6.91 billion, representing year-over-year growth of between 25% and 26%.Diluted non-GAAP net income per share in the range of $3.37 to $3.44, using 325 million to 331 million shares outstanding.Adjusted free cash flow margin in the range of 34.5% to 35.5%.Guidance for non-GAAP financial measures excludes share-based compensation-related charges (including share-based payroll tax expense), acquisition-related costs, amortization expense of acquired intangible assets, litigation-related charges, including legal settlements, restructuring and other costs, non-cash charges related to convertible notes, and foreign currency gains (losses) and income and other tax effects associated with these items, along with certain non-recurring expenses and certain non-recurring cash flows. We have not reconciled diluted non-GAAP net income per share guidance to GAAP net income (loss) per diluted share or adjusted free cash flow margin guidance to GAAP net cash from operating activities because we do not provide guidance on GAAP net income (loss) or net cash from operating activities and would not be able to present the various reconciling cash and non-cash items between GAAP and non-GAAP financial measures because certain items that impact these measures are uncertain or out of our control, or cannot be reasonably predicted, including share-based compensation expense, without unreasonable effort. The actual amounts of such reconciling items will have a significant impact on the company's GAAP net income (loss) per diluted share and GAAP net cash from operating activities.Earnings Call InformationPalo Alto Networks will host a video webcast for analysts and investors to discuss the company's fiscal first quarter 2023 results as well as the outlook for its fiscal second quarter 2023 today at 4:30 p.m. Eastern time/1:30 p.m. Pacific time. Open to the public, investors may access the webcast, supplemental financial information and earnings slides from the "Investors" section of the company's website at investors.paloaltonetworks.com. A replay will be available three hours after the conclusion of the webcast and archived for one year.