Palo Alto Networks (PANW) Revenue — Quarter Ended Apr 30, 2024
Revenue increased compared with 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 Apr 30, 2024 · FY2024 Q3
Revenue increased compared with 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
+0.5%
Change from the immediately preceding quarter.
Year-over-year
+15.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.8B
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, 2023 | $2B | +26.0% |
| Oct 31, 2023 | $1.9B | +20.1% |
| Jan 31, 2024 | $2B | +19.3% |
| Apr 30, 2024 | $2B | +15.3% |
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 slightly from the prior quarter. On a year-over-year basis, revenue was markedly higher than the same period a year ago.
What to watch
Monitor whether the pace of year-over-year revenue growth continues to moderate in future quarters.