Palo Alto Networks (PANW) Revenue — Quarter Ended Jan 31, 2024
Revenue increased compared to the prior quarter and rose sharply versus the same quarter last year. The sequential gain was modest, while the year-over-year growth remained strong.
Key takeaway
Quarter ended Jan 31, 2024 · FY2024 Q2
Revenue increased compared to the prior quarter and rose sharply versus the same quarter last year. The sequential gain was modest, while the year-over-year growth 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
+5.2%
Change from the immediately preceding quarter.
Year-over-year
+19.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.5B
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 |
|---|---|---|
| Apr 30, 2023 | $1.7B | +24.1% |
| Jul 31, 2023 | $2B | +26.0% |
| Oct 31, 2023 | $1.9B | +20.1% |
| Jan 31, 2024 | $2B | +19.3% |
Revenue performance
The reported revenue for the quarter was higher than the immediately preceding quarter, continuing an upward trajectory. Compared with the same quarter one year earlier, revenue showed a substantial increase.
Quarterly comparison
Sequentially, revenue improved from the prior quarter, though the pace of growth moderated relative to the year-ago comparison. The year-over-year gain was notably larger than the sequential change.
What to watch
The filing context does not provide specific risk or management commentary for this quarter; monitor future filings for any operational or market updates.