“The combination of strong top-line metrics, upside to our profitability goals, and cash conversion for Q1 showcase our focus on total shareholder return,” said Dipak Golechha, the chief financial officer of Palo Alto Networks.

“Our strong third-quarter results reflect the continued adoption of our modern and easy-to-use products by companies of all sizes. We grew 46% YoY, and healthy expansion activity from our customer base,” said Girish Mathrubootham.

“We are pleased that the momentum from the prior fiscal year continued into our first quarter, our transformation has put us in position to thrive in a post-pandemic world” said Sanjay Mirchandani, President and CEO.

Total revenue for the fiscal second quarter 2021 grew 25% year over year to $1.0 billion, compared with total revenue of $816.7 million for the fiscal second quarter 2020.