Palo Alto Networks (PANW) Revenue — Quarter Ended Jan 31, 2023
Revenue increased for the quarter, continuing the upward trajectory seen in recent periods. The growth rate was slower than the prior quarter but remained strong compared with the same quarter a year earlier.
Key takeaway
Quarter ended Jan 31, 2023 · FY2023 Q2
Revenue increased for the quarter, continuing the upward trajectory seen in recent periods. The growth rate was slower than the prior quarter but remained strong compared with the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
+5.9%
Change from the immediately preceding quarter.
Year-over-year
+25.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 30, 2022 | $1.4B | +29.1% |
| Jul 31, 2022 | $1.6B | +27.2% |
| Oct 31, 2022 | $1.6B | +25.3% |
| Jan 31, 2023 | $1.7B | +25.7% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, marking a sequential gain. Compared with the same quarter one year earlier, revenue was substantially higher.
Quarterly comparison
The sequential increase was smaller than the year-over-year increase, indicating a deceleration in the pace of growth from the prior quarter. The year-over-year comparison showed a solid expansion over the same period last year.
What to watch
The sequential growth rate moderated compared with the prior quarter, which may warrant attention in future filings.