Palo Alto Networks revenue worldwide 2015-2024

In 2024, Palo Alto Networks generated over eight billion U.S. dollars in revenue. Palo Alto Networks is a cybersecurity company from the United States that offers a platform to customers to provide network security, endpoint protection, as well as cloud security. The fiscal year end of the company is July, 31st.

At the forefront of innovation

Palo Alto Networks was founded in 2005 by Nir Zuk, a former engineer from Check Point and NetScreen Technologies who was the principal developer of the first stateful inspection security system and the first intrusion prevention system. Almost 20 years later, Palo Alto still dominates the security appliance market, with a market share exceeding 20 percent as of the second quarter of 2023.

Ensuring enterprise security

Enterprise information security is a complex undertaking, covering computers, servers, routers, and other electronic systems, all of which relies on software, hardware, and information management policies to secure corporate data. Revenue for the corporate web security market worldwide is projected to rise to about 6.8 billion U.S. dollars in 2024, while endpoint security sales are also expected to increase to 16.3 billion U.S. dollars in the same year.