Palo Alto Networks’ Annualized Recurring Revenue (ARR) (2020-2022)

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This statistic highlights Palo Alto Networks’ Annualized Recurring Revenue (ARR), in Next-Gen Security, reported on a quarterly basis from Q1 2020 onwards.
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This statistic highlights Palo Alto Networks’ Annualized Recurring Revenue (ARR), in Next-Gen Security, reported on a quarterly basis from Q1 2020 onwards.

What is Annual Recurring Revenue (ARR)?

Annualized Recurring Revenue is defined as the annualized recurring value of active contracts till the last day of a given period based on recent renewal rates. Next-Gen security Annualized Recurring Revenue is the total annualized revenue from all the active contracts as of the last day of the reporting period for Contrex and Prisma offerings which also includes the VM series and other services.

Palo Alto Networks’ Annualized Recurring Revenue (ARR)

Annualized Recurring Revenue Q3 2020  Q4 2020
Q1 2021 Q2 2021
 Q3 2021  Q4 2021
Annualized Recurring Revenue – Next-Gen Security $5,680 $6,510 $7,190 $8,400  $9,730 $11,800

(All figures in millions)

Palo Alto Networks’ Annualized Recurring Revenue (ARR) grew from $5,680 million in Q3 2020 to $9,730 million in Q3 2021, making a rise of 71.3% on a year-on-year basis. It increased also increased from $6,510 million in Q4 2020 to $11,800 million in Q4 2021, making an increment of 81.26% on a year-on-year basis.

In 2020, the Annualized Recurring Revenue (ARR) increased from $5,680 million in Q3 2020 to $6,510 million in Q4 2020, making an increment of 14.61%. Further, between Q4 2020 and Q1 2021, the ARR of the company witnessed an uptick from $6,510 million in Q4 2020 to $7,190 million in Q1 2021, rising by 10.44%.

In 2021, the Annualized Recurring Revenue (ARR) increased from $7,190 million in Q1 2021 to $8,400 in Q2 2021, registering a growth of 11.6% on a quarter-on-quarter basis. It also increased from $8,400 million in Q2 2021 to $9,730 million in Q3 2021 and $9,730 in Q3 2021 to $11.800 in Q4 2021 depicting a steady increase of 13.67% and 17.55% respectively.

The Annualized Recurring Revenue shows a steady rise marking the company’s efficiency in acquiring and retaining its consumer base. This was primarily because of the increase in the adoption of portfolios like subscriptions, products, and support. The portfolio seeks to help the company to gain from recurring revenues while continuing to grow the user base. The customer base is distributed across 170 countries across different industries including Finance, healthcare, education, public sector, internet, media, manufacturing, and telecommunication, generating the annual recurring revenue (ARR). As per the quarterly data of 2021, the Annualized Recurring Revenue showed an increase on a quarter to quarter basis due to various factors including the proficient field sales force and working with the channel partners in developing and retaining the sales opportunities. For sales, an indirect fulfillment model is used which is two-tiered to sell their products, and subscriptions, as well as to support their distributors who sell to the resellers and in turn the end customers.

About Palo Alto Networks Inc

Palo Alto Networks Inc was incorporated in 2005 and is headquartered in Santa Clara, California. It is a cybersecurity provider, operating globally for empowering businesses’, service providers, and governments to provide security to all its applications, information, networks, userbase, clouds, and devices. It enables comprehensive visibility with a context in all locations. Palo Alto Networks primarily specializes in providing products across a wide range of usability, for the users to provide the required security to their networks, branches, and clouds, and also to advance and upgrade the Security Operations Centers (“SOC”).

The company provides the services specially focused on five fundamental areas starting with Zero Trust Network Security achieved through the ML Powered next-gen firewalls. The ML-powered next-gen in which Firewalls are available in various forms such as physical, virtual as well as containerized appliances, along with a cloud-delivered service, including the add-ons such as IoT Security, SD-WAN, Advanced URL Filtering, DNS Security, etc. The Prisma Cloud security offering is the most comprehensive Cloud-Native Security Platform, also enabling cloud security. It secures both multi as well as hybrid cloud environments with the integration of security across the full deployment lifecycle. The examples of securities in Hybrid and multi-cloud environments are VM series and CN series. Prisma access, Prisma SD-WAN, Saas security inline, and SaaS security API is responsible to provide a secure access service edge used to secure the remote workforces enabling the cloud-delivered branch. The Cortex portfolio offers the next generation of endpoint security, security automation solutions as well as security analytics, delivered as SaaS subscriptions. The Unit 42 threat research and the team for security consulting enables updated threat intelligence and comprehensive cybersecurity expertise before, after, or during attacks.

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