SOURCE: Palo Alto Networks

Palo Alto Networks

August 01, 2011 09:00 ET

Palo Alto Networks Surpasses $200 Million Bookings Run Rate

Company Continues Its Disruptive Impact on the Network Security Market

SANTA CLARA, CA--(Marketwire - Aug 1, 2011) - Palo Alto Networks™, the network security company™, today announced that significantly ahead of its own expectations, it has achieved a bookings run rate* well above the US$200 million mark. In addition, Palo Alto Networks announced that:

  • Its cashflow from operations has been positive for 5 consecutive quarters and it intends to stay that way;
  • Its business in the most recent fiscal year was split approximately 60% domestic, 40% international;
  • Its global customer count has surpassed 4,500 enterprises. More than 20 of these customers, such as Qualcomm, eBay, Cricket, VeriSign, and the Los Angeles Community College District, have deployed over US$1 million worth of Palo Alto Networks next-generation firewalls;
  • Its business is expected to grow significantly ahead of the market and the competition in the next 12 (twelve) months.

"These numbers reflect the highly disruptive impact we have on the network security market," said Nir Zuk, founder, CTO, and member of the office of the CEO at Palo Alto Networks. "We are rapidly replacing the firewalls the incumbent vendors have sold to enterprises over the past 15 years. Our focus on product innovation and customer success has made that choice easy for organizations looking to modernize their network security."

About Palo Alto Networks
Palo Alto Networks™ is the network security company™. Its next-generation firewalls enable unprecedented visibility and granular policy control of applications and content -- by user, not just IP address -- at up to 20Gbps with no performance degradation. Based on patent-pending App-ID™ technology, Palo Alto Networks firewalls accurately identify and control applications -- regardless of port, protocol, evasive tactic or SSL encryption -- and scan content to stop threats and prevent data leakage. Enterprises can for the first time embrace Web 2.0 and maintain complete visibility and control, while significantly reducing total cost of ownership through device consolidation. Most recently, Palo Alto Networks has enabled enterprises to extend this same network security to remote users with the release of GlobalProtect™. For more information, visit www.paloaltonetworks.com.

Palo Alto Networks, "The Network Security Company," the Palo Alto Networks Logo, GlobalProtect and App-ID are trademarks of Palo Alto Networks, Inc. in the United States. All other trademarks, trade names or service marks used or mentioned herein belong to their respective owners.

(*) Bookings run rate is defined as 4 (four) times the bookings amount of the most recently finished fiscal quarter. Bookings are defined as non-cancellable orders received during the fiscal period. Palo Alto Networks' fiscal year runs from August 1st until July 31st.

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