Security services and SASE now constitute 35% of total billings and are experiencing over 25% year-over-year growth. Management raised margin guidance for fiscal year 2025 after a strong first quarter performance, predicting continued operating leverage. A significant firewall upgrade cycle is likely to accelerate in the latter half of the year as enterprise customers seek to replace outdated hardware and integrate services. Wall Street anticipates $1.63 billion in revenue and $0.59 in EPS for the upcoming Q2 report, with a strong focus on product mix and margin expansion.
Management reported significant growth in Unified SASE and AI-driven SecOps, achieving 18% and 29% YoY billing growth respectively, now comprising 35% of total billings.
A record firewall upgrade cycle is anticipated in the second half of 2025, with rising interest from enterprise customers for new hardware and integrated services.
Collection
[
|
...
]