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Technology Stocks : Palo Alto Networks, Inc.
PANW 236.88+0.4%12:50 PM EDT

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From: Marty1234511/27/2015 12:00:58 PM
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How Did Palo Alto Networks’ Deferred Revenues Rise 70% in 1Q16?
By Anne Shields • Nov 26, 2015 4:58 pm EST
Palo Alto Deferred revenues and billings continued to report double-digit growth Previously in this series, we’ve discussed Palo Alto Networks’ ( PANW) fiscal 1Q16 results. We also discussed its operating segments’ contribution toward the company’s overall revenues as well as their performance. We saw that subscription services that are billed over time now contribute approximately 50% of the company’s overall revenues. Subscription revenues are recurring, which is why they’re preferable. They provide visibility to the future growth.

Palo Alto subscription services like WildFire and Traps aided the company’s deferred revenue and billings growth. We’ll discuss Wildfire and Traps in a later part of this series. Deferred revenue rose 71% on year-over-year basis to $804.5 million while billings rose 61% to $388 million. Healthy growth in deferred revenues ensures that significant revenue growth can be expected.

marketrealist.com
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