Palo Alto Networks (PANW) Revenue — Quarter Ended Jul 31, 2024
Revenue for the quarter ended July 31, 2024 increased compared to the prior quarter and the same quarter last year. The growth rate moderated relative to the prior quarter's year-over-year increase.
Key takeaway
Quarter ended Jul 31, 2024 · FY2024 Q4
Revenue for the quarter ended July 31, 2024 increased compared to the prior quarter and the same quarter last year. The growth rate moderated relative to the prior quarter's year-over-year increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
+10.3%
Change from the immediately preceding quarter.
Year-over-year
+12.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$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 |
|---|---|---|
| Oct 31, 2023 | $1.9B | +20.1% |
| Jan 31, 2024 | $2B | +19.3% |
| Apr 30, 2024 | $2B | +15.3% |
| Jul 31, 2024 | $2.2B | +12.1% |
Revenue performance
Reported revenue rose from the immediately preceding quarter, continuing an upward trend. The year-over-year growth rate was lower than the prior quarter's year-over-year increase.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher, though the rate of increase was less than the prior quarter's year-over-year gain. Sequentially, revenue also improved from the preceding quarter.
What to watch
The deceleration in year-over-year revenue growth compared to the prior quarter may warrant attention in future filings.