Cloud Security LeadershipPrisma Cloud achieved $700 million in annual recurring revenue, establishing Palo Alto Networks as the largest player in the expanding Cloud Security market.
Revenue GrowthThe increase in product revenue was driven by enhanced software sales due to a strategic go-to-market approach for Network Security offerings and a shift towards new generation hardware products.
Strong Financial PerformancePalo Alto Networks delivered strong Q4 results, surpassing expectations across revenue, billings, next-generation security annual recurring revenue, earnings per share, and free cash flow.