Palo Alto Networks beats quarterly earnings estimates, acquires AI platform Console

(Catch all the Technology News News, and Latest News Updates on The Economic Times.)

SynopsisPalo Alto Networks beat fourth-quarter ​earnings estimates on ​Tuesday and announced the acquisition of ​AI-native platform Console, saying advances in artificial intelligence are making cybersecurity a higher priority for corporate ‌technology ⁠leaders.

AgenciesPalo Alto Networks beat fourth-quarter earnings estimates on Tuesday and announced the acquisition of AI-native platform Console, saying advances in artificial intelligence are making cybersecurity a higher priority for corporate ‌technology ⁠leaders.

* Palo Alto Networks said ​it acquired Console, an AI-native platform designed to help ​organizations use AI-driven analysis and action across enterprise operations.

* CEO Nikesh Arora ​said the acquisition will ⁠allow customers to "build ‌agentic workflows in natural ​language" ​that can automatically flag and remediate ⁠issues.

* The growing use of AI ​is increasing cybersecurity needs, as companies ​deploy AI at scale and face new security risks.

* The company posted fourth-quarter revenue of $3.41 billion, beating analysts' average estimate of $3.35 billion, according to ‌data compiled by LSEG.

* Adjusted profit per share came ​in at $1.02, ​ahead of estimates ⁠of 98 cents.

* The company forecast fiscal 2027 revenue of between $14.10 billion and $14.20 billion, ​above analysts' estimate of $13.79 billion.

* Palo Alto Networks forecast fiscal 2027 adjusted profit per share of between $4.16 and $4.19, above estimates of $4.11.

(Reporting by Anzar Mehraj in Bengaluru; Editing by Shailesh Kuber)

Read more news onPalo Alto NetworkscybersecurityAI-native platform Consolequarterly earnings estimatesartificial intelligence

(Catch all the Technology News News, and Latest News Updates on The Economic Times.)

Elevate your knowledge and leadership skills at a cost cheaper than your daily tea.

Patent Cliff approaching: Can Indian pharma companies repeat past success?What LIC should do to remain money-spinner for govt, policyholdersFrom survival to 193 mn subscribers: Is Vi finally making a comeback?ET Prime special series: 2013 to 2026. Not years, but evidence: Power Grid, Part 2Behind the sugar price drop: Exports, imports and a non-factor called ethanolAs IndiGo, Air India scramble for pilots, fresh headwinds hit hardWhen a CFO resigns, is ‘personal reasons’ explanation enough?FCNR (B) scheme garners USD65 bn, but why isn't the rupee gaining?ET Prime special: Bigger, Better or Both? Understanding business to figure out the mystery: Power Grid Corp – Part 1US bond yield: Will it become a new pain point?