We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Palo Alto Networks, Inc.
PANW 236.88+0.4%12:50 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Marty1234511/27/2015 12:00:58 PM
   of 19
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.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext