Palo Alto Networks (PANW) Revenue — Quarter Ended Jul 31, 2023
Revenue increased in the reporting quarter, continuing the upward trajectory seen in recent periods. The growth rate was lower than the same quarter a year earlier but remained strong.
Key takeaway
Quarter ended Jul 31, 2023 · FY2023 Q4
Revenue increased in the reporting quarter, continuing the upward trajectory seen in recent periods. The growth rate was lower than the same quarter a year earlier but remained strong.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
+13.5%
Change from the immediately preceding quarter.
Year-over-year
+26.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.9B
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 |
|---|---|---|
| Oct 31, 2022 | $1.6B | +25.3% |
| Jan 31, 2023 | $1.7B | +25.7% |
| Apr 30, 2023 | $1.7B | +24.1% |
| Jul 31, 2023 | $2B | +26.0% |
Revenue performance
The reported revenue rose compared to the immediately preceding quarter, reflecting sustained demand. The year-over-year comparison also showed an increase, though the pace moderated from the prior year's level.
Quarterly comparison
Revenue was higher than both the prior quarter and the same quarter one year ago. The sequential improvement was smaller than the year-over-year gain, indicating a deceleration in the rate of expansion.
What to watch
Monitor whether the sequential growth rate stabilizes or continues to moderate in upcoming quarters.