Palo Alto Networks (PANW) Revenue — Quarter Ended Oct 31, 2023
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease reflects a typical seasonal pattern, while the year-over-year gain indicates continued business expansion.
Key takeaway
Quarter ended Oct 31, 2023 · FY2024 Q1
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease reflects a typical seasonal pattern, while the year-over-year gain indicates continued business expansion.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
-3.8%
Change from the immediately preceding quarter.
Year-over-year
+20.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.2B
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 |
|---|---|---|
| Jan 31, 2023 | $1.7B | +25.7% |
| Apr 30, 2023 | $1.7B | +24.1% |
| Jul 31, 2023 | $2B | +26.0% |
| Oct 31, 2023 | $1.9B | +20.1% |
Revenue performance
The reported revenue moved lower from the immediately preceding quarter, marking a sequential contraction. However, when measured against the same quarter one year earlier, revenue showed a solid increase.
Quarterly comparison
Compared to the prior quarter, revenue decreased, while the year-ago comparison showed a substantial gain. The trailing twelve-month revenue figure underscores the overall upward trend over the longer term.
What to watch
Monitor whether the sequential revenue decline is a recurring seasonal pattern or signals a shift in demand momentum.