Palo Alto Networks Inc. has reported strong financial results in its latest 10-Q filing, showing significant growth in total revenue. For the third quarter of fiscal 2025, the company reported total revenue of $2.3 billion, marking a 15.3% year-over-year growth from the same period in fiscal 2024 when the revenue was $2.0 billion.
The company's product revenue for the third quarter of fiscal 2025 reached $452.7 million, representing 19.8% of total revenue and a 15.8% year-over-year growth. This revenue was primarily derived from sales of appliances, including ML-Powered Next-Generation Firewalls, Panorama, SD-WAN, and the VM-Series. The company's subscription and support revenue grew to $1.8 billion, accounting for 80.2% of total revenue and reflecting a 15.2% year-over-year growth. This revenue was generated from subscriptions providing near real-time access to various security capabilities across networks, endpoints, and the cloud, as well as support services for ongoing security updates and maintenance.
Palo Alto Networks Inc. highlighted its global presence, with end-customers in over 180 countries, spanning various industries such as education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company's field sales force works closely with channel partners to develop sales opportunities, primarily using a two-tiered, indirect fulfillment model.
The company continues to invest in innovation, introducing new offerings such as Prisma AIRS, new SASE innovations, and Cortex XSIAM 3.0. Additionally, Palo Alto Networks Inc. has made strategic investments, including entering into a definitive agreement to acquire Protect AI, Inc., a privately-held cybersecurity company, which is expected to enhance the capabilities of its AI security platform.
Following these announcements, the company's shares moved -6.05%, and are now trading at a price of $182.72. For the full picture, make sure to review Palo Alto Networks Inc's 10-Q report.
