Palo Alto's 3rd quarter sales grew +63.67% more than Cisco's

Additionally, Palo Alto's 9-month sales grew +36.72% more than Cisco's.

Wilmington, Delaware:   Thu, 5/28/15 - 5:35pm    View comments
 

Last month, Gartner published its 2015 Magic Quadrant for Enterprise Network Firewalls.

And now this month the following financial results are showing just how badly Palo Alto's been trouncing Cisco:
 

3rd Quarter Sales

Cisco vs. Palo Alto Networks - view without frames

Source: U.S. Securities and Exchange Commission
 

As revealed above, year-over-year Cisco grew 3rd quarter sales by $51 million. Palo Alto grew 3rd quarter sales by $83.472 million, that's +$32.472 million more than Cisco (in fact, it's a whopping +63.67% better increase in growth than Cisco).
 

9-Month Sales

Cisco vs. Palo Alto Networks - view without frames

Source: U.S. Securities and Exchange Commission
 

And as shown above, year-over-year Cisco grew 9-month sales by $164 million. Meanwhile, Palo Alto grew 9-month sales by $224.225 million, that's +$60.225 million (+36.72%) more than Cisco.

Finally, Palo Alto's quarterly sales continue to grow sequentially each and every quarter (the lone exception being Q2'FY12).
 

Quarterly Sales

Cisco vs. Palo Alto Networks - view without frames

Source: U.S. Securities and Exchange Commission
 

Related document:

Gartner: 2015 Magic Quadrant for Enterprise Network Firewalls

Related story:

Confidential internal Cisco Security Solutions All Hands Meeting - May 2015
 

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