Palo Alto Networks reported better-than-expected fourth quarter earnings and projected revenue growth of about 14% for the fiscal year ahead.
Palo Alto Networks acquired Protect AI to expand its reach into securing AI and machine learning applications, launched Prisma AIRS to secure enterprise AI apps, agents and models and updated its Cortex securities operations platform.
Palo Alto Networks reported better-than-expected second quarter results and indicated that demand was helped by the need for AI-driven cybersecurity and enterprises consolidating platforms.
"I know there was significant consternation around our platformization guarantee six months ago," said Palo Alto Networks CEO Nikesh Arora. "All I want to say is, I wish it started down that path sooner."
Palo Alto Networks reported better-than-expected third quarter results as the company said customers had an "enthusiastic response to platformization."
IBM Consulting will be a big channel for Palo Alto Networks' platform play.
Enterprises are asking more for their cybersecurity dollars and Palo Alto Networks plans to incentivise them to consolidate vendors. Will a cybersecurity price war follow?
