Palo Alto Networks tops the network security vendor market by revenue beating rival Cisco, according to Analysys Mason’s cybersecurity vendors’ revenue tracker.
The former’s first-quarter 2020 revenue hit $869 million, driven by 11 acquisitions totaling about $2.5 billion over the last five years. For comparison, Palo Alto Network’s quarterly revenue in Q1 2015 was $234.2 million.
Meanwhile, Cisco’s network security revenue during the first quarter of 2020 reached $776 million, according to Analysys Mason. Fortinet took the No. 3 spot with about $577 million in network security revenue during Q1, and Check Point rounded out the pack with about $487 million during the same time period.
It’s worth noting that while Check Point and Fortinet’s financial years coincide with the calendar year, Cisco’s and Palo Alto Networks’ do not, so Analysys Mason uses February as the starting month of the calendar year for the latter two companies, noted analyst and report author computer science average salary. Additionally, these revenue figures represent total revenue for the three standalone security vendors (Check Point, Fortinet, and Palo Alto Networks), and security-only revenue for Cisco.
The former’s first-quarter 2020 revenue hit $869 million, driven by 11 acquisitions totaling about $2.5 billion over the last five years. For comparison, Palo Alto Network’s quarterly revenue in Q1 2015 was $234.2 million.
Meanwhile, Cisco’s network security revenue during the first quarter of 2020 reached $776 million, according to Analysys Mason. Fortinet took the No. 3 spot with about $577 million in network security revenue during Q1, and Check Point rounded out the pack with about $487 million during the same time period.
It’s worth noting that while Check Point and Fortinet’s financial years coincide with the calendar year, Cisco’s and Palo Alto Networks’ do not, so Analysys Mason uses February as the starting month of the calendar year for the latter two companies, noted analyst and report author computer science average salary. Additionally, these revenue figures represent total revenue for the three standalone security vendors (Check Point, Fortinet, and Palo Alto Networks), and security-only revenue for Cisco.
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