Palo Alto Networks Reports one of the Strongest Quarters for Large Contracts – CyberArk Acquisition Accelerates Platform Strategy

Palo Alto Networks consolidates its security products and benefits from new large multi-platform deals. Major contracts are at record levels. The acquisition of CyberArk for $25 billion accelerates the platform strategy and positions Palo Alto for the AI-induced turning point in identity security. Annual recurring revenue in Next-Generation Security (NGS) is driven by SASE, software firewalls, and XSIAM, increasing by 32%. Targeting $15 billion by 2030. Annualized revenue could exceed the $10 billion mark. With an increased growth forecast,...