Palo Alto Networks beats quarterly estimates on AI demand, continues acquisition spree
Summary
Palo Alto Networks beat quarterly estimates as AI-driven security demand continued to rise. The company said customers are increasingly worried about autonomous attacks and are spending more on cyber defense tools. It also disclosed another acquisition, buying AI startup Console to expand its security capabilities. Management issued upbeat guidance for the next quarter and the full year, signaling continued growth momentum.
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Security
General Security Software
Developer and IT Infrastructure
