Palo Alto Networks, Inc.
Palo Alto Networks Announces Strong Fiscal Q4 and FY 2024 Results and Approves Additional Share Repurchase
Summary
Palo Alto Networks, Inc. announced its fiscal fourth quarter and full year 2024 financial results, reporting a 12% year-over-year increase in Q4 revenue to $2.2 billion and a 16% increase in annual revenue to $8.0 billion. Next-Generation Security ARR grew 43% year-over-year to $4.2 billion. The company also announced that its board approved an additional $500 million for share repurchases, increasing the total repurchase authorization to $1 billion, expiring on December 31, 2025.
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About Palo Alto Networks, Inc.
Palo Alto Networks, Inc. is a leading cybersecurity company that provides advanced security solutions to protect digital enterprises. The company's primary function is to safeguard organizations across various sectors with its innovative, integrated security platforms to combat increasingly sophisticated cyber threats. The offerings of Palo Alto Networks encompass network security, cloud security, endpoint protection, and threat intelligence services, delivering a comprehensive shield against vulnerabilities for businesses globally. With its headquarters in Santa Clara, California, the company plays a pivotal role in the cybersecurity market by helping firms ensure safe and secure digital environments. Palo Alto Networks serves a diverse clientele, including healthcare, finance, government, and technology industries, all reliant on robust security measures to protect sensitive data and maintain operational integrity. Through its forward-looking approach and commitment to innovation, Palo Alto Networks continues to expand its impact, leading the charge in the evolution of digital security infrastructure.
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