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PCNSE exam Dumps Source : Palo Alto Networks Certified Security Engineer (PCNSE) PAN-OS 8.0

Test Code : PCNSE
Test designation : Palo Alto Networks Certified Security Engineer (PCNSE) PAN-OS 8.0
Vendor designation : Palo-Alto
: 237 existent Questions
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Palo-Alto Palo Alto Networks Certified

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Palo Alto Networks companions with British Columbia, IBM Canada to launch cyber-protection tall college program | killexams.com existent Questions and Pass4sure dumps

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Palo Alto Networks Reaches FedRAMP Milestone | killexams.com existent Questions and Pass4sure dumps

SANTA CLARA, Calif., June 7, 2018 /PRNewswire/ -- Palo Alto Networks® (NYSE: PANW), the international cybersecurity leader, today introduced its WildFire® cloud-based mostly haphazard prevention and evaluation carrier has accomplished the designation of "In process" for the Federal haphazard and Authorization management application, or FedRAMP, and the company has got the national Institute of specifications and know-how, or NIST, key FIPS a hundred and forty-2 certification for its VM-collection virtualized firewall security carrier. furthermore, PAN-OS® utility edition eight.0.6 for the VM-series firewall has officially acquired commonplace criteria certification. These certifications extend the alternatives for U.S. federal government customers to employ the safety offerings the Palo Alto Networks protection working Platform provides from the cloud and set up its capabilities to cozy workloads in deepest, hybrid, and public cloud environments.
Palo Alto Networks is dedicated to helping corporations speed up their adoption of cloud technologies and capabilities with advanced cybersecurity protections for, in, and from the cloud. These certification milestones are just the newest in a sequence of bulletins on Palo Alto Networks transforming into portfolio of cloud capabilities and a mark of the company's commitment to serving the needs of its U.S. federal govt consumers. In February, the company unveiled a collection of advancements for valued clientele operating in hybrid and multi-cloud environments.
The WildFire cloud-based mostly service is the industry's most superior hazard prevention and analysis engine for highly evasive zero-day exploits and malware, serving tens of thousands of purchasers with preventive measures each five minutes. Palo Alto Networks VM-sequence virtualized firewalls relaxed private, hybrid, and public clouds. The VM-collection makes it feasible for customers to advantage from the equal plane of network safety in cloud environments that Palo Alto Networks has at totality times brought to facts centers and traditional network configurations.
"we're overjoyed concerning the progress WildFire has made, to this point, in the FedRAMP authorization system and issue forward to presenting the U.S. federal govt and other consumers within the federal house with WildFire's advanced danger prevention and analysis capabilities. As U.S. groups increasingly movement their functions and belongings to the cloud, they are committed to proposing surest-in-type cloud-based mostly protection capabilities to the federal government to assist ensure crucial records continues to be comfortable," observed Nick Urick, vp of Federal earnings, Palo Alto Networks, and president, Palo Alto Networks LLC. "The aggregate of these certification milestones alerts that the U.S. public sector has self credence in the safety and danger prevention capabilities of their cloud-primarily based choices."
With the White apartment's signing of an govt order to enhance the cybersecurity of federal networks and demanding infrastructure, and the passage of the Modernizing government expertise Act remaining 12 months, U.S. federal groups acquired transparent course to compose IT modernization a point of emphasis. These guidelines are concentrated on updating shared IT capabilities, consolidating latest guidance expertise infrastructure, and accelerating adoption of cloud-based tools, while ensuring that protection is quiet a excellent priority.  
FedRAMP gives a standardized method to protection evaluation, authorization and continuous monitoring for U.S. executive agencies' utilize of cloud-primarily based items and capabilities. Federal corporations depend upon this application when adopting private sector security applied sciences to present protection to the confidentiality and integrity of records. The "In method" designation is a key milestone for businesses searching for FedRAMP certification and indicates that Palo Alto Networks is on the privilege track for WildFire to be FedRAMP-licensed.
NIST's FIPS one hundred forty-2 certification potential that Palo Alto Networks VM-sequence meets federal encryption necessities for securing choice govt statistics, which offers federal companies self assurance that the expertise will advocate be certain the confidentiality and integrity of records throughout platforms. moreover, receiving generic criteria certification for PAN-OS 8.0.6 demonstrates that the VM-sequence conforms to the countrywide information Assurance Partnership, or NIAP, tolerable Methodology for IT protection contrast. To view the common criteria certification, gratify visit: https://www.niap-ccevs.org/Product/Compliant.cfm?PID=10839
For extra information about how Palo Alto Networks WildFire and VM-collection features can assist relaxed federal networks and endpoints, gratify visit: https://www.paloaltonetworks.com/options/industries/govt/executive-federal
About Palo Alto Networks
we're the global cybersecurity leader, regular for totality the time challenging the protection status quo. Their mission is to present protection to their culture within the digital age with the aid of fighting successful cyberattacks. This has given us the privilege of safely enabling tens of heaps of companies and their purchasers. Their pioneering protection working Platform emboldens their digital transformation with continuous innovation that seizes the latest breakthroughs in security, automation, and analytics. by pass of offering a existent platform and empowering a growing ecosystem of trade-makers dote us, they give tremendously helpful and creative cybersecurity throughout clouds, networks, and cell contraptions. determine extra at www.paloaltonetworks.com.
Palo Alto Networks, WildFire, PAN-OS and the Palo Alto Networks brand are emblems of Palo Alto Networks, Inc. within the u.s. and in jurisdictions throughout the realm. totality different emblems, exchange names or service marks used or mentioned herein belong to their respective house owners.
supply Palo Alto Networks, Inc.
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http://www.paloaltonetworks.com
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Palo Alto Networks Certified Security Engineer (PCNSE) PAN-OS 8.0

PCNSE7 Palo Alto Networks Certified Network Security Engineer | killexams.com existent questions and Pass4sure dumps

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PCNSE7: Palo Alto Networks Certified Network Security Engineer on PAN-OS 7
Administered by Pearson VUE, the exam Palo Alto Networks Certified Network Security Engineer, of code PCNSE7, is excessively popular. This 90 to 120 minute exam requires for the test takers to solve a total of 60 questions. The candidates shall be given a variety of different questions, varying between multiple choice, short answer, matching questions etc. The mode of language for the exam will be English. Palo Alto Networks require for the prospective candidates to labor with them for a year, or gain three to five years’ worth of experience working in the security industry prior to sitting for the exam. The domains for the exam are as follows:
Architecture and Structure:
Being familiar with how Palo Alto products labor with each other, addressing the trade security problems and proposing solutions, creating tall availability designs, executing distributed log collection, configuring the interface for specific network deployment, and utilizing Panorama to compose a scalable solution for the management of Palo Network’s devices.
Basic and Fundamental Concepts:
Prowess in areas of IP address mapping packet rush architecture, next generation layer 7 firewall features troubleshooting methodology, and Wildfire functions and tools is required for this section of the exam.
Statistical Examination and Log Networks:
For this portion of the assessment, the candidates need to be familiar with the concept of external log forwarding configuration, and its application the conducting the analysis and interpretation of log files, reports, graphs, and threat trends. They must also be well acquainted with traffic issues, UI (User Interface) controls, Web UI, ACC (Application Command Centre) output, and distributed log connections is also necessary.
Management, Connectivity, and Networking:
Effectively deploying Next Generation Firewall, performing Palo Alto Network System upgrades, conducting device management via Panorama, maintaining Public Key infrastructure be on the prospective candidates’ fingertips. They also need own a pleasurable grasp over the authentication, authorization, and device management methodology.
Rules and Regulations:
Complete and Extensive hold over NAT rule base, security rule base, decryption deployment strategies, application override configuration, security profiles and features, is imperative if the candidates are to score a competitive total in the exam.
Getting Ready for the Exam:
The official resource books including Essentials I (201) Course for PAN-OS 7.0, Panorama Essentials (221) Course for PAN-OS 7.0, PAN-OS 7.0 Admin Guide, and CLI Reference can be used to prepare effectively for the exam. In addition to these, the candidates can fetch hold of brain dumps and study guides which are available online. The sample questions and answers, contribute towards familiarizing the candidates with the exam format, and ensure the attainment of a competitive score.
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Palo Alto Networks Reports Fiscal Second Quarter 2017 fiscal Results | killexams.com existent questions and Pass4sure dumps

SANTA CLARA, Calif., Feb. 28, 2017 /PRNewswire/ -- Palo Alto Networks® (NYSE: PANW), the next-generation security company, today announced fiscal results for its fiscal second quarter 2017 ended January 31, 2017.
Total revenue for the fiscal second quarter 2017 grew 26 percent year over year to $422.6 million, compared with total revenue of $334.7 million for the fiscal second quarter 2016. GAAP net loss for the fiscal second quarter 2017 was $60.6 million, or $0.67 per diluted share, compared with GAAP net loss of $57.3 million, or $0.66 per diluted share, for the fiscal second quarter 2016.
Non-GAAP net income for the fiscal second quarter 2017 was $59.6 million, or $0.63 per diluted share, compared with non-GAAP net income of $39.5 million, or $0.43 per diluted share, for the fiscal second quarter 2016. A reconciliation between GAAP and non-GAAP information is contained in the tables below.
"While fiscal second quarter revenue of $423 million was yet another record for the company, they were disappointed that they came in below top-line expectations due to some execution challenges, which they are moving quickly to address," said label McLaughlin, chief executive officer of Palo Alto Networks. "Our customers rely on us to solve their most difficult cybersecurity challenges, and they own yet again widened the technology gap between their Next-Generation Security Platform and the competition with the largest product and features launch in their history, including expansion of their virtual and cloud capabilities. They are also extending their capabilities in data analytics and machine learning with today's announcement of their acquisition of LightCyber."
"Our hybrid-SaaS model drove cash rush from operations to a record $214.3 million and free cash rush to $169.6 million," commented Steffan Tomlinson, chief fiscal officer of Palo Alto Networks. "We ended the quarter with approximately $2.1 billion in cash, cash equivalents and investments and are pleased to announce an incremental $500 million partake repurchase authorization, bringing their total repurchase authorization to $1 billion."
Recent Highlights
  • Announced the biggest product and features launch in the history of Palo Alto Networks– More than 20,000 security professionals from more than 150 countries attended the online and in-person launch events to learn about the biggest highlights of the announcement, which included:
  • Six novel hardware appliances designed to enable customers to deploy next-generation security from great data centers to small branches. The PA-5200 Series, PA-800 series and PA-220 provide faster performance with abysmal visibility into and control over totality traffic, including encrypted traffic, which is becoming an increasingly strategic necessity for effectual security.
  • Three novel VM-Series models add to the existing four they currently offer. With throughput ranging from 200 Mbps to 16 Gbps, they present the broadest line of virtualized firewall appliances on the market. Improved integrations with Amazon® Web Services (AWS®), Microsoft® Azure® and VMware® NSX® enable a wider compass of deployment scenarios and deliver the scale, redundancy and automation that customers require to build cloud-centric architectures.
  • The industry's first multi-method, scalable and automated approach designed to forestall credential-based theft and misuse by attackers, including a novel policy-based multi-factor authentication capability at the network layer.
  • The introduction of both PAN-OS® and Panorama™ 8.0 with more than 70 novel features.
  • Announced the acquisition of LightCyber – This acquisition expands their Next-Generation Security Platform with the addition of the award-winning, highly automated behavioral analytics capabilities of LightCyber®, using sophisticated machine learning to quickly, efficiently and accurately identify attacks based on behavioral anomalies inside the network. They will continue to present the LightCyber products and advocate existing customer implementations while they engineer the technology into their Next-Generation Security Platform, which they hope to complete by the discontinue of the calendar year. At that time, they map to present it as a subscription that further enhances their platform's automated threat prevention capabilities and the faculty for customer organizations to forestall cyber breaches throughout the entire beset lifecycle. To learn more about LightCyber and how it enhances the Palo Alto Networks platform, visit www.paloaltonetworks.com.
  • Honored for cloud and advanced endpoint product innovation – CRN®, a brand of The Channel Company, has named Palo Alto Networks to its 100 Coolest Cloud Computing Vendors of 2017 list, recognizing the most innovative cloud technology suppliers. CRN also recognized their Traps™ advanced endpoint protection offering by naming it the overall winner in the 2016 Product of the Year Awards in the Endpoint Security category.
  • Achieved qualification in the Amazon Web Services Competency Program for Security– Their VM-Series achieved this Amazon qualification, reserved for very select partners, that demonstrates technical proficiency and proven customer success in the faculty to enable organizations to deploy a comprehensive security architecture and a more seamless experience across their cloud and on-premise environments.
  • Recognized by J.D. Power and TSIA for exceptional advocate services – This includes certifications under the esteemed J.D. Power Certified Assisted Technical advocate Program and TSIA "Rated Outstanding Worldwide" certification* for the second consecutive year, and underscores the exceptional customer advocate they present their customers around the globe.
    • * Palo Alto Networks has been recognized by J.D. Power for providing "An Outstanding Customer Service Experience" for its Assisted Technical Support.
    J.D. Power 2016 Certified Assisted Technical advocate Program, developed in conjunction with TSIA. Based on successful completion of an audit and exceeding a customer satisfaction benchmark for assisted advocate operations. For more information, visit www.jdpower.com or www.tsia.com.
    Financial Outlook
    Palo Alto Networks provides guidance based on current market conditions and expectations.
    For the fiscal third quarter 2017, they expect:
  • Total revenue in the compass of $406 to $416 million, representing year-over-year growth between 17 percent and 20 percent.
  • Diluted non-GAAP net income per partake in the compass of $0.54 to $0.56, including a $0.04 investment in LightCyber, using 93 to 95 million shares.
    • Guidance for non-GAAP fiscal 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, non-cash interest expense related to their convertible senior notes, foreign currency gains (losses) and income and other tax effects associated with these items, and certain non-recurring expenses. They own not reconciled diluted non-GAAP net income per partake guidance to GAAP net income (loss) per diluted partake because they attain not provide guidance on GAAP net income (loss) and would not be able to present the various reconciling cash and non-cash items between GAAP net income (loss) and non-GAAP net income (loss), including share-based compensation expense, without unreasonable effort. Share-based compensation expense is impacted by the company's future hiring and retention needs and, to a lesser extent, the future unbiased market value of the company's common stock, totality of which is difficult to prognosticate and topic to constant change. While the actual amounts of such reconciling items will own a significant repercussion on the company's GAAP net income (loss) per diluted share, a reconciliation of the non-GAAP fiscal measure guidance to the corresponding GAAP measure is not available without unreasonable effort.
    $500 Million partake Repurchase expand Bringing Total Repurchase Authorization to $1 Billion
    On February 24, 2017, the board of directors authorized a $500 million expand to the existing partake repurchase program, bringing the total authorization to $1 billion. As of January 31, 2017, $330 million remained available for repurchase under their initial $500 million authorization. This incremental authorization allows the company to repurchase its shares opportunistically and will be funded from available working capital. Repurchases may be made at management's discretion from time to time on the open market, through privately negotiated transactions, transactions structured through investment banking institutions, obscure purchase techniques, 10b5-1 trading plans, or a combination of the foregoing. The repurchase authorization has been extended and will expire on December 31, 2018, and may be suspended or discontinued at any time. The company had approximately 92.0 million shares of common stock outstanding as of January 31, 2017.
    Conference muster Information
    Palo Alto Networks will host a conference muster for analysts and investors to dispute its fiscal second quarter 2017 results and outlook for its fiscal third quarter 2017 today at 4:30 p.m. Eastern time/1:30 p.m. Pacific time. Open to the public, investors may access the muster by dialing 1-888-430-8690 or 1-719-325-2356 and using conference ID 3525187. A live audio webcast of the conference call, along with supplemental fiscal information, will also be accessible from the "Investors" section of their website at investors.paloaltonetworks.com. Following the webcast, an archived version will be available on their website for one year. A telephonic replay of the muster will be available three hours after the call, will elope for ten days, and may be accessed by dialing 1-888-203-1112 or 1-719-457-0820 and entering the passcode 3525187.
    Forward-Looking Statements
    This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding their future fiscal and operating performance, including their fiscal outlook for the fiscal third quarter 2017, their efforts to quickly address execution challenges, their end to opportunistically repurchase shares of their common stock under their partake repurchase program, and their plans, expectations and intentions with respect to the products and technologies that they acquired from LightCyber. There are a significant number of factors that could antecedent actual results to disagree materially from statements made in this press release, including: their limited operating history; the possibility that partake repurchases may be suspended or discontinued; their faculty to identify and effectively implement the necessary changes to address their execution challenges; fluctuations in the trading volume and market expense of shares of their common stock; competing future investment opportunities and alternative uses of cash; risks associated with managing their rapid growth; their limited experience with novel product and subscription and advocate introductions and the risks associated with novel products and subscription and advocate offerings, including the discovery of software bugs; the failure to timely develop and achieve market acceptance of novel products and subscriptions as well as existing products and subscription and support; their faculty as an organization to acquire and integrate other companies, products, or technologies in a successful manner; rapidly evolving technological developments in the market for network security products and subscription and advocate offerings; length of sales cycles; and generic market, political, economic and trade conditions.
    Additional risks and uncertainties that could impress their fiscal results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of fiscal Condition and Results of Operations" in their Quarterly Report on figure 10-Q filed with the SEC on November 22, 2016, which is available on their website at investors.paloaltonetworks.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that they compose with the SEC from time to time. totality forward-looking statements in this press release are based on information available to us as of the date hereof, and they attain not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
    Non-GAAP fiscal Measures and Other Key Metrics
    Palo Alto Networks has provided in this press release fiscal information that has not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). The company uses these non-GAAP fiscal measures and key metrics internally in analyzing its fiscal results and believes that the utilize of these non-GAAP fiscal measures and key metrics is useful to investors as an additional instrument to evaluate ongoing operating results and trends and in comparing the company's fiscal results with other companies in its industry, many of which present similar non-GAAP fiscal measures or key metrics.
    The presentation of these non-GAAP fiscal measures and key metrics are not meant to be considered in isolation or as a substitute for comparable GAAP fiscal measures, and should be read only in conjunction with the company's consolidated fiscal statements prepared in accordance with GAAP. A reconciliation of the company's historical non-GAAP fiscal measures and key metrics to their most directly comparable GAAP measures has been provided in the fiscal statement tables included in this press release, and investors are encouraged to review these reconciliations.
    Non-GAAP net income and net income per share, diluted. Palo Alto Networks defines non-GAAP net income as net income (loss) plus 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, non-cash interest expense related to the company's convertible senior notes, and intellectual property restructuring related charges. The company also excludes from non-GAAP net income the foreign currency gains (losses) and tax effects associated with these items in order to provide a complete picture of the company's recurring core trade operating results. The company defines non-GAAP net income per share, diluted, as non-GAAP net income divided by the weighted tolerable diluted shares outstanding, which includes the potentially dilutive sequel of the company's employee equity incentive map awards and the company's convertible senior notes outstanding, after giving sequel to the anti-dilutive repercussion of the company's note hedge agreements, which reduces the potential economic dilution that otherwise would occur upon conversion of the company's convertible senior notes. Under GAAP, the anti-dilutive repercussion of the note hedge is not reflected in diluted shares outstanding. The company believes that excluding these items from non-GAAP net income and non-GAAP net income per share, diluted, provides management and investors with greater visibility into the underlying performance of the company's core trade operating results, sense its operating performance excluding these items and, from time to time, other discrete charges that are infrequent in nature, over multiple periods.
    Billings. Palo Alto Networks defines billings as total revenue plus the change in total deferred revenue during the period. The company considers billings to be a key metric used by management to manage the company's trade given the company's hybrid-SaaS revenue model, and believes billings provides investors with an Important indicator of the health and visibility of the company's trade because it includes subscription and advocate revenue, which is recognized ratably over the contractual service period, and product revenue, which is recognized at the time of shipment, provided that totality other revenue recognition criteria own been met. The company considers billings to be a useful metric for management and investors, particularly if sales of subscriptions continue to expand and the company experiences tenacious renewal rates for subscription and support.
    Free cash flow. Palo Alto Networks defines free cash rush as cash provided by operating activities less purchases of property, equipment, and other assets. The company considers free cash rush to be a profitability and liquidity measure that provides useful information to management and investors about the amount of cash generated by the trade after necessary capital expenditures.
    Investors are cautioned that there are a number of limitations associated with the utilize of non-GAAP fiscal measures and key metrics as analytical tools. In particular, the billings metric reported by the company includes amounts that own not yet been recognized as revenue and free cash rush does not picture the total expand or diminish in their cash balance for the period. In addition, many of the adjustments to the company's GAAP fiscal measures reflect the exclusion of items that are recurring and will be reflected in the company's fiscal results for the foreseeable future, such as share-based compensation, which is an Important partake of Palo Alto Networks employees' compensation and impacts their performance. Furthermore, these non-GAAP fiscal measures are not based on any standardized methodology prescribed by GAAP, and the components that Palo Alto Networks excludes in its calculation of non-GAAP fiscal measures may disagree from the components that its peer companies exclude when they report their non-GAAP results of operations. Palo Alto Networks compensates for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP fiscal measures. In the future, the company may also exclude non-recurring expenses and other expenses that attain not reflect the company's core trade operating results.
    About Palo Alto Networks
    Palo Alto Networks is the next-generation security company, leading a novel era in cybersecurity by safely enabling applications and preventing cyber breaches for tens of thousands of organizations worldwide. Built with an innovative approach and highly differentiated cyberthreat prevention capabilities, their game-changing security platform delivers security far superior to legacy or point products, safely enables daily trade operations, and protects an organization's most valuable assets. Find out more at www.paloaltonetworks.com.
    Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. totality other trademarks, trade names or service marks used or mentioned herein belong to their respective owners.

    Palo Alto Networks, Inc.
    Preliminary Condensed Consolidated Statements of Operations
    (In millions, except per partake data)
    (Unaudited)
    Three Months Ended January 31,
    Six Months Ended January 31,
    2017(2)
    2016
    2017(2)
    2016
    (As Adjusted)(1)
    (As Adjusted)(1)
    Revenue:
    Product
    $
    168.8
    $
    169.9
    $
    332.6
    $
    317.6
    Subscription and support
    253.8
    164.8
    488.1
    314.3
    Total revenue
    422.6
    334.7
    820.7
    631.9
    Cost of revenue:
    Product
    45.8
    44.9
    88.0
    83.7
    Subscription and support
    67.4
    49.3
    126.4
    89.7
    Total cost of revenue
    113.2
    94.2
    214.4
    173.4
    Total Gross profit
    309.4
    240.5
    606.3
    458.5
    Operating expenses:
    Research and development
    89.9
    74.0
    174.1
    133.7
    Sales and marketing
    226.7
    182.4
    446.8
    341.9
    General and administrative
    47.2
    34.2
    88.8
    65.0
    Total operating expenses
    363.8
    290.6
    709.7
    540.6
    Operating loss
    (54.4)
    (50.1)
    (103.4)
    (82.1)
    Interest expense
    (6.1)
    (5.8)
    (12.1)
    (11.6)
    Other income, net
    2.7
    2.5
    5.2
    4.7
    Loss before income taxes
    (57.8)
    (53.4)
    (110.3)
    (89.0)
    Provision for income taxes
    2.8
    3.9
    7.2
    8.2
    Net loss
    $
    (60.6)
    $
    (57.3)
    $
    (117.5)
    $
    (97.2)
    Net loss per share, basic and diluted
    $
    (0.67)
    $
    (0.66)
    $
    (1.30)
    $
    (1.13)
    Weighted-average shares used to compute net loss per share, basic and diluted
    90.7
    86.6
    90.2
    85.8
    (1)
    Certain amounts own been adjusted as a result of the Company's change in accounting policy for sales commissions. advert to Appendix A for more information.
    (2)
    The Company early adopted novel share-based payment accounting guidance in its second quarter of fiscal 2017, which simplified, among other things, the accounting for income tax consequences and the method of accounting for forfeitures of share-based payment awards. As a result of the early adoption, the Company's share-based compensation and provision for income taxes decreased by $0.9 million and $4.0 million, respectively, for the three months ended October 31, 2016. These adjustments are reflected in the results for the six months ended January 31, 2017.

    Palo Alto Networks, Inc.
    Reconciliation of GAAP to Non-GAAP fiscal Measures
    (In millions, except per partake amounts)
    (Unaudited)
    Three Months Ended
    Six Months Ended
    January 31,
    January 31,
    2017
    2016
    2017
    2016
    (As Adjusted)(1)
    (As Adjusted)(1)
    GAAP net loss
    $
    (60.6)
    $
    (57.3)
    $
    (117.5)
    $
    (97.2)
    Share-based compensation related charges
    131.8
    106.9
    247.4
    182.1
    Acquisition related costs
    0.7
    —
    0.7
    —
    Amortization expense of acquired intangible assets
    2.0
    2.1
    4.1
    4.2
    Litigation related charges
    3.0
    3.0
    6.1
    6.1
    Non-cash interest expense related to convertible notes
    6.1
    5.7
    12.1
    11.5
    Foreign currency (gain) loss associated with non-GAAP adjustments
    0.6
    (0.7)
    0.4
    (1.5)
    Income tax and other tax adjustments related to the above
    (24.0)
    (20.2)
    (42.5)
    (34.9)
    Non-GAAP net income
    $
    59.6
    $
    39.5
    $
    110.8
    $
    70.3
    GAAP net loss per share, diluted
    $
    (0.67)
    $
    (0.66)
    $
    (1.30)
    $
    (1.13)
    Share-based compensation related charges
    1.42
    1.21
    2.69
    2.08
    Acquisition related costs
    0.01
    0.00
    0.01
    0.00
    Amortization expense of acquired intangible assets
    0.02
    0.02
    0.05
    0.05
    Litigation related charges
    0.03
    0.04
    0.07
    0.07
    Non-cash interest expense related to convertible notes
    0.07
    0.07
    0.13
    0.13
    Foreign currency (gain) loss associated with non-GAAP adjustments
    0.01
    (0.01)
    0.00
    (0.02)
    Income tax and other tax adjustments related to the above
    (0.26)
    (0.24)
    (0.47)
    (0.41)
    Non-GAAP net income per share, diluted
    $
    0.63
    $
    0.43
    $
    1.18
    $
    0.77
    GAAP weighted-average shares used to compute net loss per share, diluted
    90.7
    86.6
    90.2
    85.8
    Weighted-average sequel of potentially dilutive securities(2)
    3.2
    5.1
    3.6
    5.4
    Non-GAAP weighted-average shares used to compute net income per share, diluted
    93.9
    91.7
    93.8
    91.2
    Net cash provided by operating activities
    $
    214.3
    $
    154.1
    $
    417.8
    $
    301.0
    Less: purchases of property, equipment, and other assets
    44.7
    17.4
    65.6
    36.9
    Free cash rush (non-GAAP)
    $
    169.6
    $
    136.7
    $
    352.2
    $
    264.1
    Net cash used in investing activities
    $
    (173.1)
    $
    (21.2)
    $
    (244.3)
    $
    (284.7)
    Net cash provided by (used in) financing activities
    $
    (119.2)
    $
    4.5
    $
    (146.5)
    $
    21.1
    (1)
    Certain amounts own been adjusted as a result of the Company's change in accounting policy for sales commissions. advert to Appendix A for more information.
    (2)
    Non-GAAP net income per share, diluted, includes the potentially dilutive sequel of employee equity incentive map awards and convertible senior notes outstanding. In addition, non-GAAP net income per share, diluted, includes the anti-dilutive repercussion of the Company's note hedge agreements, which reduced the potentially dilutive sequel of the convertible notes by 0.9 million shares and 1.2 million shares for the three and six months ended January 31, 2017, respectively, and 1.7 million shares and 1.8 million shares for the three and six months ended January 31, 2016, respectively.

    Palo Alto Networks, Inc.
    Calculation of Billings
    (In millions)
    (Unaudited)
    Three Months Ended January 31,
    Six Months Ended January 31,
    2017
    2016
    2017
    2016
    Total revenue
    $
    422.6
    $
    334.7
    $
    820.7
    $
    631.9
    Add: change in total deferred revenue
    139.0
    124.3
    257.8
    215.1
    Billings
    $
    561.6
    $
    459.0
    $
    1,078.5
    $
    847.0

    Palo Alto Networks, Inc.
    Preliminary Condensed Consolidated balance Sheets
    (In millions)
    (Unaudited)
    January 31, 2017
    July 31, 2016
    (As Adjusted)(1)
    Assets
    Current assets:
    Cash and cash equivalents
    $
    761.4
    $
    734.4
    Short-term investments
    593.0
    551.2
    Accounts receivable, net
    386.1
    348.7
    Prepaid expenses and other current assets
    139.9
    139.7
    Total current assets
    1,880.4
    1,774.0
    Property and equipment, net
    154.1
    117.2
    Long-term investments
    790.5
    652.8
    Goodwill
    163.5
    163.5
    Intangible assets, net
    39.5
    44.0
    Other assets
    146.6
    106.7
    Total assets
    $
    3,174.6
    $
    2,858.2
    Liabilities and stockholders' equity
    Current liabilities:
    Accounts payable
    $
    28.0
    $
    30.2
    Accrued compensation
    78.8
    73.5
    Accrued and other liabilities
    58.8
    39.2
    Deferred revenue
    828.0
    703.9
    Total current liabilities
    993.6
    846.8
    Convertible senior notes, net
    512.3
    500.2
    Long-term deferred revenue
    670.6
    536.9
    Other long-term liabilities
    127.5
    79.4
    Stockholders' equity:
    Preferred stock
    —
    —
    Common stock and additional paid-in capital
    1,613.3
    1,515.5
    Accumulated other comprehensive income (loss)
    (5.1)
    1.0
    Accumulated deficit
    (737.6)
    (621.6)
    Total stockholders' equity
    870.6
    894.9
    Total liabilities and stockholders' equity
    $
    3,174.6
    $
    2,858.2
    (1)
    Certain amounts own been adjusted as a result of the Company's change in accounting policy for sales commissions. advert to Appendix A for more information.

    Palo Alto Networks, Inc.
    Preliminary Condensed Consolidated Statements of Cash Flows
    (In millions)
    (Unaudited)
    Six Months Ended January 31,
    2017
    2016
    (As Adjusted)(1)
    Cash flows from operating activities
    Net loss
    $
    (117.5)
    $
    (97.2)
    Adjustments to reconcile net loss to net cash provided by operating activities:
    Share-based compensation for equity based awards
    240.6
    174.8
    Depreciation and amortization
    28.0
    19.5
    Amortization of investment premiums, net of accretion of purchase discounts
    1.4
    1.6
    Amortization of debt discount and debt issuance costs
    12.1
    11.5
    Changes in operating assets and liabilities:
    Accounts receivable, net
    (37.3)
    (42.0)
    Prepaid expenses and other assets
    (41.6)
    (12.9)
    Accounts payable
    0.2
    13.6
    Accrued compensation
    5.3
    (8.6)
    Accrued and other liabilities
    68.8
    25.6
    Deferred revenue
    257.8
    215.1
    Net cash provided by operating activities(2)
    417.8
    301.0
    Cash flows from investing activities
    Purchases of investments
    (562.7)
    (610.2)
    Proceeds from sales of investments
    —
    134.4
    Proceeds from maturities of investments
    384.0
    228.0
    Purchases of property, equipment, and other assets
    (65.6)
    (36.9)
    Net cash used in investing activities
    (244.3)
    (284.7)
    Cash flows from financing activities
    Repurchases of common stock
    (170.1)
    —
    Proceeds from sales of shares through employee equity incentive plans
    23.6
    21.1
    Net cash provided by (used in) financing activities(2)
    (146.5)
    21.1
    Net expand in cash and cash equivalents
    27.0
    37.4
    Cash and cash equivalents - beginning of period
    734.4
    375.8
    Cash and cash equivalents - discontinue of period
    $
    761.4
    $
    413.2
    (1)
    Certain amounts own been adjusted as a result of the Company's change in accounting policy for sales commissions. advert to Appendix A for more information.
    (2)
    The Company early adopted novel share-based payment accounting guidance in its second quarter of fiscal 2017, which simplified, among other things, the presentation of excess tax benefits in the statement of cash flows. The Company adopted this portion of the guidance on a retrospective basis, which increased net cash provided by operating activities by $0.5 million for the six months ended January 31, 2016, with a corresponding diminish to net cash provided by financing activities.

    Palo Alto Networks, Inc.Appendix AChange in Accounting Policy(Unaudited)
    Effective August 1, 2016, the Company voluntarily changed its accounting policy for sales commissions that are incremental and directly related to non-cancelable customer sales contracts from recording an expense when incurred to deferral and amortization of the sales commissions over the term of the related contract in balance to the recognized revenue. The adoption of this accounting policy change has been applied retrospectively to totality prior periods presented in this document, in which the cumulative sequel of the change has been reflected as of the beginning of the earliest age presented.
    The following tables present the changes to fiscal statement line items as a result of the accounting change for the periods presented in the Company's introductory condensed consolidated fiscal statements (in millions, except per partake data):
    January 31, 2017
    July 31, 2016
    Computedunder PriorMethod
    Impact ofCommissionAdjustment
    As Reported
    AsPreviouslyReported
    Impact ofCommissionAdjustment
    As Adjusted
    Preliminary Condensed Consolidated balance Sheets
    Prepaid expenses and other current assets
    $
    83.2
    $
    56.7
    $
    139.9
    $
    84.8
    $
    54.9
    $
    139.7
    Other assets
    94.8
    51.8
    146.6
    64.6
    50.1
    114.7
    Accumulated deficit
    $
    (846.1)
    $
    108.5
    $
    (737.6)
    $
    (726.6)
    $
    105.0
    $
    (621.6)
    Three Months Ended January 31, 2017
    Three Months Ended January 31, 2016
    Computedunder PriorMethod
    Impact ofCommissionAdjustment
    As Reported
    AsPreviouslyReported
    Impact ofCommissionAdjustment
    As Adjusted
    Preliminary Condensed Consolidated Statements of Operations
    Sales and marketing
    $
    232.7
    $
    (6.0)
    $
    226.7
    $
    187.6
    $
    (5.2)
    $
    182.4
    Operating loss
    (60.4)
    6.0
    (54.4)
    (55.3)
    5.2
    (50.1)
    Provision for income taxes
    2.8
    —
    2.8
    3.9
    —
    3.9
    Net loss
    $
    (66.6)
    $
    6.0
    $
    (60.6)
    $
    (62.5)
    $
    5.2
    $
    (57.3)
    Net loss per share, basic and diluted
    $
    (0.73)
    $
    0.06
    $
    (0.67)
    $
    (0.72)
    $
    0.06
    $
    (0.66)
    Weighted-average shares used to compute net loss per share, basic and diluted
    90.7
    —
    90.7
    86.6
    —
    86.6
    Six Months Ended January 31, 2017
    Six Months Ended January 31, 2016
    Computedunder PriorMethod
    Impact ofCommissionAdjustment
    As Reported
    AsPreviouslyReported
    Impact ofCommissionAdjustment
    As Adjusted
    Preliminary Condensed Consolidated Statements of Operations
    Sales and marketing
    $
    450.2
    $
    (3.4)
    $
    446.8
    $
    345.9
    $
    (4.0)
    $
    341.9
    Operating loss
    (106.8)
    3.4
    (103.4)
    (86.1)
    4.0
    (82.1)
    Provision for income taxes
    7.3
    (0.1)
    7.2
    8.2
    —
    8.2
    Net loss
    $
    (121.0)
    $
    3.5
    $
    (117.5)
    $
    (101.2)
    $
    4.0
    $
    (97.2)
    Net loss per share, basic and diluted
    $
    (1.34)
    $
    0.04
    $
    (1.30)
    $
    (1.18)
    $
    0.05
    $
    (1.13)
    Weighted-average shares used to compute net loss per share, basic and diluted
    90.2
    —
    90.2
    85.8
    —
    85.8

    This change in accounting policy does not impress the Company's balance of cash and cash equivalents and, as a result, did not change net cash flows from operating, investing, or financing activities or materially repercussion any individual line items in the Company's introductory condensed consolidated statement of cash flows for the six months ended January 31, 2016.

    To view the original version on PR Newswire, visit:https://www.prnewswire.com/news-releases/palo-alto-networks-reports-fiscal-second-quarter-2017-financial-results-300415233.html
    SOURCE Palo Alto Networks, Inc.

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