Palo Alto Networks’ Revenue by Region (2016-2023)

This statistic highlights Palo Alto Network’s revenue by region , split across America, Asia Pacific, Europe, The Middle East, and Africa regions, reported on a quarterly basis from Q4 2016 onwards.

Palo Alto operations result in their products, subscription, and support offering.

Products

Under products, they offer Firewall Appliances and Software that provide a rich set of features ensuring consistent operation across their entire product line. These features include User-ID, App-ID, Device-ID, VPN, remote access of SSL-Secure Socket Layer, and QoS- Quality of services. Their firewall comers in physical and virtual forms for companies like Microsoft, Amazon, Google. Panorama is another product from Palo Alto – it is a centralized security management solution for the global control of all their firewall appliances and software development on an end-customer’s network.

Subscription

They offer several subscriptions as part of their portfolio. These subscription offerings, cloud-delivered security services like Threat Prevention, Wildfire, Advanced URL Filtering, DNS Security, IoT Security, SaaS security Inline, SD-Wan, and Enterprise DLP are sold as options at Palo Alto.

Support Offering

Customer support from Palo Alto is offered in four different packages – Standard Support, Premium Support, Four-Hour Premium Support, and Platinum Support to their end-customers and channel partners. They offer a service offering called Focused Services that includes Service Account Management to provide support for end-customers with unique or complex support requirements, support is also provided for hardware, software, and certain cloud offerings to support ongoing security updates, bug-fixed, PAN-OS upgrades, and repair. Additionally, they also provide a replacement for any defective hardware, using third-party logistics for the deployment of spare appliances and other accessories.

Palo Alto Network’s Revenue by Region

(All values in billions, except percentages)

The total revenue of Palo Alto increased by 31% from $0.95 billion in Q1 2021 to $1.25 billion in Q1 2022. Q4 2021 witnessed a loss of $3.04 billion. However, it marked a growth of 141% in Q1 2022.

The total revenue of Palo Alto can be bifurcated into:

America

The majority of business is driven from America as it made a revenue of $870 million in the overall revenue generated from Palo Alto in Q1 2022 which is 53.74% of the total. Making a 29.30% increase in YoY growth index when compared to $670 million generated in Q1 2021, and an increase of 141% from the previous quarter of Q4 2021.

Asia Pacific

Asia generated a revenue of $150 million which is the least contribution to the overall revenue of Q1 2022, marking at 8.4% of the total revenue. The QoQ is at a 141% incline when compared to the losses of $350 million in Q4 2021. The year-on-year growth scale shows an increase of $50 million which is equal to 40.17%.

Europe, the Middle East, and Africa

The revenue from this region makes it the second-highest contributor in the revenue of Palo Alto in Q1 2022, making up to 13.7% of the total revenue generated. When compared to Q1 2021 it has inclined in the year-on-year index by 36.81% from $170 million in Q1 2021 to $230 million in Q1 2022. In the quarter-on-quarter index it shows a rise of 140% from a loss of $590 million in Q4 2021 to a profit of 23 million in Q1 2022.

COVID-19 Impact

Palo Alto has been observing, evaluating, and responding to the developments relating to the COVID-19. Though they have instituted the work-from-home policy from the beginning of March 2020, which has been modified to provide employees with the choice to work in the office as and when they feel comfortable. Certain clients or partners may be or may become a credit or cash constraints making it difficult for them to fulfill their payment obligations to Palo Alto. Thus, increasing their exposure to financial and operating risk, which in return affects the end customers’ and could lead them to delay or defer purchasing power, and lengthen sakes cycles and payment terms affecting the business adversely.

About the company

Palo Alto Networks, Inc. is a worldwide cybersecurity provider with a vision of a world where each day is safer and more secure than the one before. Palo Alto was incorporated in 2005 and its headquarter is located in Santa Clara, California. Their clients range from enterprises, service providers, and government entities to secure all applications, users, data, clouds, networks, and devices. They deliver cybersecurity products covering a variety of applications, empowering their end customers to secure their networks, remote and hybrid workforces, branch location, and private and public clouds, and to advance their Security operations centers also known as “SOC”.

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