Offering strong support to clients
Palo Alto Networks’ (PANW) application framework provides constant support for customers. As most clients have more than one firewall to implement extra security, they often deal with multiple vendors. Palo Alto’s security products aim to offer companies better integration of security features, saving time and improving efficiency.
Palo Alto’s products are relatively easy to deploy, and the company’s strategic partnerships with cloud providers such as Amazon (AMZN) Web Services and Microsoft’s (MSFT) Azure may help distribute products to customers at a low cost. Clients can easily access its security products from the cloud, saving time. Palo Alto’s application framework provides all of the requirements for its advanced security platform to run smoothly, creating more opportunities.
New innovations driving orders
Palo Alto’s strong product portfolio is boosting subscriber growth and orders. As shown in the graph above, Palo Alto’s billings have grown over the last five quarters, at a compound annual rate of 6.6%.