Palo Alto Networks (PANW) Revenue — Quarter Ended Apr 30, 2023
Revenue increased compared with the prior quarter and rose sharply versus the same quarter last year. The sequential growth was modest, while the year-over-year gain remained strong.
Key takeaway
Quarter ended Apr 30, 2023 · FY2023 Q3
Revenue increased compared with the prior quarter and rose sharply versus the same quarter last year. The sequential growth was modest, while the year-over-year gain remained strong.
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
+4.0%
Change from the immediately preceding quarter.
Year-over-year
+24.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
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 |
|---|---|---|
| Jul 31, 2022 | $1.6B | +27.2% |
| Oct 31, 2022 | $1.6B | +25.3% |
| Jan 31, 2023 | $1.7B | +25.7% |
| Apr 30, 2023 | $1.7B | +24.1% |
Revenue performance
The reported revenue moved higher, continuing the upward trajectory seen in recent quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved at a moderate pace. Relative to the same quarter one year earlier, revenue showed a substantial increase.
What to watch
Monitor whether the pace of sequential revenue growth accelerates or decelerates in the coming quarter.