Palo Alto Networks reports Q4 revenue up 34% YoY to $3.41B, vs. $3.35B est., and acquires Console, which provides AI-powered IT service management (Samantha Subin/CNBC)
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Palo Alto Networks reported a 34% year-over-year increase in Q4 revenue, reaching $3.41 billion, surpassing the estimated $3.35 billion. This growth is attributed to increased demand for its cybersecurity tools, driven by rising artificial intelligence risks. Additionally, the company acquired Console, a provider of AI-powered IT service management, further expanding its capabilities in the cybersecurity landscape.
Samantha Subin / CNBC:
Palo Alto Networks reports Q4 revenue up 34% YoY to $3.41B, vs. $3.35B est., and acquires Console, which provides AI-powered IT service management — Palo Alto Networks surpassed fiscal fourth-quarter estimates as mounting artificial intelligence risks boost demand for its cybersecurity tools.