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Though it hasn’t disclosed any numbers for this vertical, the company is optimistic about achieving robust growth.
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PANW’s subscription revenue rose at a compound annual growth rate of 58.0% between fiscal 2014 and fiscal 2018.
Its subscription revenue rose from 3 million to 8 million in the period.
At the end of the third quarter of fiscal 2011, PANW had 3,500 customers.
This figure rose to 24,000 at the end of the third quarter of fiscal 2015, and it now stands at 62,000.