Analysis of Revenues
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Return on Assets (ROA) since 2012
- Current Ratio since 2012
- Price to Book Value (P/BV) since 2012
- Aggregate Accruals
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Revenues as Reported
Palo Alto Networks Inc., income statement, revenues
US$ in thousands
| 12 months ended: | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | Jul 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | |||||||||||||
| Subscription | |||||||||||||
| Support | |||||||||||||
| Subscription and support | |||||||||||||
| Revenue |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31).
- Overall Revenue Growth
- The total revenue has shown a consistent upward trend over the six-year period. Starting from approximately 2.9 billion US dollars in 2019, revenue increased steadily each year to reach about 8.0 billion US dollars by 2024. This indicates a strong year-over-year growth trajectory.
- Product Revenue Trend
- Product revenue exhibits a modest growth pattern with some fluctuations. Beginning at roughly 1.1 billion US dollars in 2019, it slightly declined in 2020 before recovering and expanding steadily to 1.6 billion US dollars by 2024. The increase during the last three years suggests an acceleration in product sales.
- Subscription Revenue Growth
- Subscription revenue demonstrates a robust and consistent growth trend throughout the period. It rose significantly from about 1.0 billion US dollars in 2019 to over 4.1 billion US dollars in 2024, reflecting a strong shift towards subscription-based offerings and an increased recurring revenue base.
- Support Revenue Trend
- Support revenue also shows a steady increase year over year, starting from approximately 770 million US dollars in 2019 to around 2.2 billion US dollars by 2024. This steady growth indicates expanding client service requirements and additional revenue streams in support services.
- Combined Subscription and Support Revenue
- The combined subscription and support revenues exhibit a pronounced upward trajectory, increasing from about 1.8 billion US dollars in 2019 to over 6.4 billion US dollars by 2024. The combined growth rate here surpasses that of product revenue, underscoring the company’s strategic emphasis on subscription and support offerings as the main revenue drivers.
- Insights on Revenue Composition
- The revenue composition over time reveals a gradual shift from product sales towards service-oriented revenues, notably subscription and support. By 2024, subscription and support revenues constitute a significant majority of the total revenue, emphasizing a transition toward recurring revenue models and sustainable growth sources.