Palo Alto Networks’ Number of Customers (2016-2022)

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This statistic highlights Palo Alto Networks’ Number of Customers, reported on an annual basis from 2016 onwards.
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This statistic highlights Palo Alto Networks’ Number of Customers, reported on an annual basis from 2016 onwards.

Palo Alto Networks is a global leader in cybersecurity. Their technology empowers more than 80,000 enterprise customers to protect billions of people around the world. The company serves more than 70,000 organizations in more than 150 countries, including 85 of the Fortune 100 companies. Companies using the Palo Alto Networks PASeries for NextGeneration Firewall in the United States include a US-based transportation company with 54,448 employees generating $9.50 billion in revenue and the University of Michigan, with 25,757 employees generating $8.6 billion in revenue. It also includes educational companies based in the United States. Banner Health, a US-based healthcare organization with 50,000 employees generated $7.83 billion in sales for the company. HealthPartners, a US-based company with 26,000 employees generated $5.6 billion in sales. Consulate Health Care, a US-based healthcare organization with 10,500 US-based healthcare employees generated $500 million in revenue for Palo Alto Networks.

Palo Alto Networks’ Number of Customers

Category Q3 2017 Q4 017 Q1 2018 Q2 2018  Q3 2018 Q4 2018
Customer Count  39.5 42.5 45.0 48.0 51.0 54.0

(All figures are in thousand)

Palo Alto Networks’ Number of Customers dropped from 42.50 thousand in Q4 2017 to 54 thousand in Q4 2018, marking a 27.05% decline on a year-on-year basis. Also, the number of customers increased from 51 thousand in Q3 2021 to 54 thousand in Q4 2018, indicating an increment of 5.88% on a quarter-on-quarter basis.

In 2017, Palo Alto Networks’ Number of Customers slightly increased from 37.50 thousand in Q2 2017 to 39.50 thousand in Q3 2017, marking an incline of 5.3%. This growth in customer base further continued as the number of customers increased to 42.50 thousand in Q4 2017, accounting for an increase of 7%. This was followed by further growth as the number of customers increased from 42.50 in Q4 2017 to 45 thousand in Q1 2018, projecting a growth of 5%.

In 2018, the customer base of the company continuously rose, just like 2017. The number of customers increased from 45 thousand in Q1 2018 to 48 thousand in Q2 2018, accounting for an increase of about 6.67%. This was followed by an increase in Q3 2018, as it rose to 51 thousand, registering a good growth of 6.25%.

About Palo Alto Network Inc

Palo Alto Networks, a world leader in cybersecurity, is continuously innovating to enable secure digital transformation at an accelerating pace of change. Palo Alto Networks provides daily visibility, reliable intelligence, automation, and flexibility to help complex organizations move safely forward. The technology of the world’s leading cybersecurity company empowers more than 80,000 corporate customers to protect billions of people around the world.Palo Alto Networks, Inc. was established in March 2005 under the laws of the State of Delaware and in April 2005. Palo Alto Networks, Inc., founded in 2005 by Nir Zuk, is an American multinational cybersecurity company with its headquarters located in Santa Clara, California.

The company operates in the Network security, Cybersecurity and Cloud Computing industry. The core products are platforms that include advanced firewalls and cloud-based products that extend those firewalls to cover other aspects of security. Unit 42 contains the Threat Research Team and hosts the Ignite Cybersecurity Conference. The company enables enterprises, service providers, and government agencies to continuously protect all users, applications, data, networks, clouds, and devices with full visibility and context everywhere. In 2018, Palo Alto Networks got a ranking of 8 on the Forbes Digital 100. In June 2018, former Google and SoftBank government Nikesh Arora joined the organization as Chairman and CEO. The common stock of Palo Alto Network is publicly traded on the NASDAQ under the ticker symbol “PANW” and is a component of the NASDAQ 100.

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