Showing posts with label Palo Alto Networks. Show all posts
Showing posts with label Palo Alto Networks. Show all posts

Tuesday, September 10, 2019

Citrix enhances its SD-WAN via partnership with Palo Alto Networks

Citrix is collaborating with Palo Alto Networks to enable easy deployment and management of next-generation firewalls within Citrix SD-WAN.

“Applications and workloads are migrating to the cloud at a very aggressive rate and security needs to follow them,” said Chalan Aras, Vice President, SD-WAN and Intelligent Traffic Management, Citrix. “With Palo Alto Networks, we can deliver an advanced SD-WAN security solution that enables companies to protect users, data and applications across branches, data centers and public clouds in a simple, flexible way.”

With the integration of the Palo Alto Networks VM-Series virtual next-generation firewalls and Prisma Access with the Citrix SD-WAN solution (formerly NetScaler SD-WAN), distributed enterprises can enhance their network and cloud protection.

Capabilities include:
  • Build and enforce consistent access control policies based on applications and users across network and cloud
  • Automate provisioning of Palo Alto Networks VM-Series next-generation firewall (NGFW) on the Citrix 1100 appliance, as a virtual network function (VNF)
  • Automate connections to Palo Alto Networks Prisma Access cloud-based firewalls for consistent policy enforcement
  • Streamline provisioning of multi-layer security services from Citrix SD-WAN Orchestrator, available via Citrix Cloud
  • Apply security zone segmentation to protect users, applications, and data
“In today’s hybrid, multi-cloud world, security needs to be as agile as your applications, data and users,” said Adam Geller, senior vice president, Products, Palo Alto Networks. “Together with Citrix, we can deliver an integrated set of products that provide a consistent level of protection to users across the network and both public and private clouds.”

http://www.citrix.com/sdwan

Wednesday, May 29, 2019

Palo Alto Networks to acquire Twistlock and Puresec

Palo Alto Networks announced two acquisitions: Twistlock, a specialist in container security, and PureSec, a leader in serverless security.

Twistlock, which is based in Portland, Oregon, combines vulnerability management, compliance, and runtime defense for cloud-native applications and workloads. The company serves more than 290 customers, with more than a quarter on the Fortune 100 list. Twistlock co-founders, Ben Bernstein and Dima Stopel, will join Palo Alto Networks. Palo Alto Networks will pay approximately $410 million in cash to acquire Twistlock. Investors in Twistlock included ICONIQ Capital, YL Ventures, TenEleven, Rally Ventures, Polaris Partners and Dell Technologies Capital. The company raised about $63 million in total funding over several rounds.

"Our vision for a cloud-native security platform is a natural fit with Palo Alto Networks cloud strategy. We have liked-minded teams, and we’re looking forward to accelerating our ability to serve customers and partners on their cloud-native journey together," stated Ben Bernstein, co-founder and CEO, Twistlock.

PureSec, which was founded in 2016 and is based in Tel Aviv, specializes in serverless security. The company provides end-to-end security for serverless functions that cover vulnerability management, access permissions, and runtime threats. PureSec co-founders, Shaked Zin, Ory Segal, and Avi Shulman, will join Palo Alto Networks. Terms of the PureSec transaction were not disclosed.

Palo Alto Networks said the acquisitions will further advance the company’s ability to offer the most complete and comprehensive cloud security suite in all critical areas of cloud security.

"Today marks another exciting step forward in our commitment to offering our customers the industry's most complete cloud security offering. We believe that our acquisition of these leading companies will significantly enhance our ability to be the cybersecurity partner of choice for our customers, while expanding our capabilities and strengthening our Prisma cloud security strategy," stated Nikesh Arora, chairman and CEO of Palo Alto Networks.

Palo Alto Networks debuts "Prisma" Cloud Security Suite

Palo Alto Networks unveiled its Prisma cloud security suite to provide business customers with access, data protection, and application security.

The Prisma suite consists of four key components:

  • Prisma Access secures access to the cloud for branch offices and mobile users anywhere in the world with a scalable, cloud-native architecture, blending enterprise-grade security with a globally scalable network. It will soon run on Google Cloud Platform (GCP™), extending the service to more than 100 locations for an even faster and more localized experience. Customers will also have access to a streamlined cloud management user interface (UI) that enables rapid onboarding of branches and users. In addition, Prisma Access will include capabilities specifically designed for service providers to enable the rapid provisioning of secure outbound internet connectivity for their customers.
  • Prisma Public Cloud provides continuous visibility, security, and compliance monitoring across public multi-cloud deployments. Powered by machine learning, it correlates data and assesses risk across the cloud environment. Starting today, customers can further reduce their attack surface early in the development cycle through a "shift left" approach to security. With the ability to detect vulnerabilities and fix improper configurations in customers' infrastructure-as-code templates, developers can reduce risk without sacrificing agility. 
  • Prisma SaaS is a multi-mode cloud access security broker (CASB) service that safely enables SaaS application adoption. It provides advanced capabilities in risk discovery, adaptive access control, data loss prevention, compliance assurance, data governance, user behavior monitoring, and advanced threat prevention. New integrations will bring improved administration experience across IT-sanctioned and IT-unsanctioned SaaS applications with unified visibility and management.
  • VM-Series is the virtualized form factor of the Palo Alto Networks Next-Generation Firewall that can be deployed in private and public cloud computing environments, including Amazon Web Services (AWS), GCP, Microsoft Azure, Oracle Cloud, Alibaba Cloud, and VMware NSX. The VM-Series is also enhanced through infrastructure-as-code automation for deployment and configuration, which reduces complexity for customers.

http://www.paloaltonetworks.com/prisma

Palo Alto Networks hits quarterly revenue of $726.6

Palo Alto Networks reported revenue of $726.6 million for its fiscal third quarter 2019, ended April 30, 2019, up 28 percent year over year. GAAP net loss for the fiscal third quarter 2019 was $20.2 million, or $0.21 per diluted share, compared with GAAP net loss of $40.4 million, or $0.44 per diluted share, for the fiscal third quarter 2018.

Non-GAAP net income for the fiscal third quarter 2019 was $130.1 million, or $1.31 per diluted share, compared with non-GAAP net income of $100.0 million, or $1.04 per diluted share, for the fiscal third quarter 2018.

"Our team continues to execute on our plan and deliver robust results. The excitement around our new products is incredible and will only grow once customers have a chance to experience it for themselves," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "Both Twistlock and PureSec will be important additions to helping protect our customers' journey to the cloud. Combining their capabilities with Prisma, our leading cloud security suite, is a huge win for all of our customers."

Monday, April 15, 2019

Palo Alto Networks appoints Lorraine Twohill and Sir John Key to Board

Palo Alto Networks announced the appointment of Lorraine Twohill, chief marketing officer at Google, and the Right Honorable Sir John Key, former member of Parliament and prime minister of New Zealand, to the company's board of directors.

Lorraine Twohill currently leads global marketing for all of Google's products and services. She is responsible for managing the company's brand and bringing Google's products to life for billions of users every day. Previously, she ran marketing at Google for Europe, the Middle East and Africa, and helped build the company's European business and operations. Prior to joining Google, Lorraine held various positions, including head of marketing at European travel site Opodo and general manager Northern Europe for the Irish Tourist Board. In 2018, she was named the Cannes Lions Creative Marketer of the Year, using her platform to advocate for greater representation of women in the advertising industry.

Sir John will bring to the board extensive experience in foreign affairs, investment banking and finance. He was a member of Parliament for Helensville in New Zealand until April 2017 and served as prime minister of New Zealand from November 2008 to December 2016. Prior to his political career, Sir John spent nearly 20 years in international finance, primarily for Bankers Trust of New Zealand and Merrill Lynch in Singapore, London and Sydney.

Thursday, November 29, 2018

Palo Alto Network posts revenue of $656 million, up 31%

Palo Alto Networks reported revenue for its fiscal first quarter 2019, ended October 31, 2018, of $656 million, up 31 percent year over year compared with total revenue of $501.8 million for the fiscal first quarter 2018. GAAP net loss for the fiscal first quarter 2019 was $38.3 million, or $0.41 per diluted share, compared with GAAP net loss of $63.2 million, or $0.70 per diluted share, for the fiscal first quarter 2018.

Non-GAAP net income for the fiscal first quarter 2019 was $115.4 million, or $1.17 per diluted share, compared with non-GAAP net income of $70.3 million, or $0.75 per diluted share, for the fiscal first quarter 2018. A reconciliation between GAAP and non-GAAP information is contained in the tables below.

"We had an excellent start to the fiscal year that highlights the continued strength of our platform," said Nikesh Arora, chief executive officer of Palo Alto Networks. "Our approach of providing best-in-class security products, combined with automation and integration to remove complexity, continues to resonate with customers. The completion of our RedLock acquisition during the quarter marks another important step forward in our cloud security strategy. We expect to deliver an integrated offering early next year that combines RedLock's technologies with our existing cloud security products to help our customers secure their mobile workforce, protect the public cloud and stop advanced threats."

Wednesday, October 3, 2018

Palo Alto Networks to acquire RedLock for $173M

Palo Alto Networks agreed to acquire RedLock, a cloud threat defense company, for approximately $173 million in cash.

RedLock's Cloud 360 platform takes an AI-driven approach that correlates disparate security data sets to provide visibility, detect threats, and enable rapid response across an organization’s public cloud environment, including  Microsoft Azure, Google Cloud Platform, and AWS.  RedLock is based in Menlo Park, California. RedLock co-founders Varun Badhwar (previously co-founded CipherCloud) and Gaurav Kumar (previously Software Architect at CipherCloud), will join Palo Alto Networks.

Palo Alto Networks notes that it already provides a broad security offering for multi-cloud environments with inline, host-based, and API-based security, which was bolstered by the acquisition of Evident.io in March 2018. The company currently serves more than 6,000 cloud customers globally with its cloud security portfolio that includes VM-Series next-generation firewall, Aperture, Evident, and GlobalProtect cloud service. Palo Alto Networks now plans to combine the Evident and RedLock technologies to provide customers with cloud security analytics, advanced threat detection, continuous security, and compliance monitoring in a single offering anticipated early next year.

"We are thrilled to add RedLock’s technology to our cloud security offerings. The addition of their technologies allows us to offer the most comprehensive security for multi-cloud environments, including Amazon Web Services, Google Cloud Platform and Microsoft Azure, and significantly strengthens our cloud strategy going forward," stated Nikesh Arora, chairman and CEO of Palo Alto Networks.

https://redlock.io/

Thursday, September 6, 2018

Palo Alto Networks hits revenue of $658.1 million, up 29% yoy

Palo Alto Networks posted total revenue of $658.1 million for itsfiscal fourth quarter 2018, up 29 percent year over year.  This compares with total revenue of $509.1 million for the fiscal fourth quarter 2017. GAAP net loss for the fiscal fourth quarter 2018 was $2.3 million, or $0.02 per diluted share, compared with GAAP net loss of $38.2 million, or $0.42 per diluted share, for the fiscal fourth quarter 2017.

Non-GAAP net income for the fiscal fourth quarter 2018 was $125.0 million, or $1.28 per diluted share, compared with non-GAAP net income of $85.5 million, or $0.92 per diluted share, for the fiscal fourth quarter 2017. A reconciliation between GAAP and non-GAAP information is contained in the tables below.

"We had a strong fourth quarter, continuing our global momentum at a growth rate that outpaces our peers and the cybersecurity market," said Nikesh Arora, chief executive officer of Palo Alto Networks. "Enterprises are in the early stages of the cloud revolution. This poses new security challenges for businesses worldwide. We are becoming the strategic partner of choice to help businesses embrace the cloud and protect their digital information by reducing complexity and providing the same level of consistency, integration, and automation that we brought to network security."

"We are pleased with the strong finish to our fiscal fourth quarter and the year," said Kathy Bonanno, chief financial officer of Palo Alto Networks. "Our revenue growth in the fourth quarter was solid across all regions, with particular strength in EMEA and APAC, each growing more than 40 percent year over year. We delivered on the bottom line as well, generating record cash flow from operations and free cash flow of $252.5 million."


  • Product revenue for Q4 amounted to $267.6 million
  • Subscription revenue for Q4 amounted to $390.5 million

Sunday, June 3, 2018

Palo Alto Networks names Nikesh Arora as CEO and Chairman

Palo Alto Networks named  Nikesh Arora as its new CEO and chairman of the Board of Directors, succeeding Mark McLaughlin, who becomes vice chairman of the Board for Palo Alto Networks.

Arora formerly served as president and chief operating officer at SoftBank and as chief business officer at Google, where he led more than 20,000 employees, and developed a substantial track record of driving innovation and delivering business success. He joined Google in 2004.

Arora has degrees from Indian Institute of Technology (BHU) Varanasi, Boston College, and Northeastern University.

"The company is executing extremely well and is the clear leader in next-generation security. Over the course of several quarters, I have been discussing succession planning with the Board and I couldn't be more pleased that we have found a leader in Nikesh who is ideally suited to take the company on the next leg of its journey. I look forward to working with Nikesh as we transition and serving as vice chairman of the Board," stated Mark McLaughlin.

Tuesday, April 10, 2018

Palo Alto Networks to acquire Secd for Endpoint security

Palo Alto Networks agreed to acquire Israel-based Secdo, a supplier of endpoint security solutions. Financial terms were not disclosed.

Secdo's patented technology uses assisted learning combined with the only thread-level visibility to automatically investigate and respond to every alert from any security technology.

Palo Alto Networks said the acquisition brings sophisticated endpoint detection and response, or EDR, capabilities – including unique data collection and visualization – to its own "Traps" advanced endpoint protection and the Application Framework in order to enhance their ability to rapidly detect and stop even the stealthiest attacks.

"We believe security operations teams need the most advanced and consistent approach to endpoint security. With Secdo's EDR capabilities as part of our platform, we will accelerate our ability to detect and prevent successful cyberattacks across the cloud, endpoint, and network," stated Mark McLaughlin, chairman and CEO of Palo Alto Networks.

"We are delighted to join the Palo Alto Networks team. We founded Secdo to dramatically increase visibility for security operations teams to reduce the time it takes to detect and respond to an alert. The combined capabilities of Secdo and Palo Alto Networks will provide customers the capabilities they need to swiftly and accurately detect and respond to cyberattacks," said Shai Morag, co-founder and CEO of Secdo.
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Monday, September 18, 2017

Telefónica Business to offer Clean Pipes security with Palo Alto Networks

Telefónica Business Solutions is introducing "Clean Pipes 2.0", a software-based security service that was developed in conjunction with ElevenPaths, Telefónica's cyber security unit, and Palo Alto Networks.

The service is delivered as a service via Telefónica Business Solutions' virtual network infrastructure. It provides features such as an application-layer firewall, advanced protection against known and unknown threats, web filtering, and intrusion prevention, amongst others.

The companies claim the cloud-based Network Function Virtualization (NFV) architecture brings reduced operational costs to organizations in terms of purchasing, deployment and maintenance, without sacrificing effectiveness or performance.

Thursday, March 2, 2017

Palo Alto Networks Buys LightCyber for $105M

Palo Alto Networks completed its acquisition of LightCyber, a privately held cybersecurity company that offers highly automated and accurate behavioral analytics technology. Palo Alto Networks paid $105 million in cash.

LightCyber leverages machine learning to quickly, efficiently and accurately identify attacks based on identifying behavioral anomalies inside the network.

Palo Alto Networks will continue to offer the LightCyber products and support existing customer implementations while it engineers the technology into the Palo Alto Networks Next-Generation Security Platform by the end of the calendar year.

"The LightCyber team's vision to bring automation and machine learning to bear in addressing the very difficult task of identifying otherwise undetected and often very sophisticated attacks inside the network is well-aligned with our platform approach. This technology will complement the existing automated threat prevention capabilities of our platform to help organizations not only improve but also scale their security protections to prevent cyber breaches," stated Mark McLaughlin, chairman and CEO of Palo Alto Networks.

https://www.paloaltonetworks.com/

Thursday, December 1, 2016

Palo Alto Networks Offers AutoScaling Firewalls on AWS

Palo Alto Networks has integrated its VM-Series virtualized next-generation firewalls with Amazon Web Services (AWS) Auto Scaling and Elastic Load Balancing (ELB). This allows enterprise customers to automatically scale the cyber breach prevention capabilities of the Palo Alto Networks Next-Generation Security Platform as their AWS workload demands fluctuate.

Additionally, Palo Alto Networks joins the AWS Competency Program for Security, which highlights partners who have demonstrated success in building products and solutions on AWS to support customers in multiple areas, including infrastructure security, policy management, identity management, security monitoring, vulnerability management, and data protection.

"Palo Alto Networks Next-Generation Security Platform provides customers with superior cyber breach prevention capabilities, including security for cloud-based applications. Through our close integration with AWS, customers can now grow and scale their cloud environments with even greater ease and automation while enhancing and maintaining their security posture across public cloud and hybrid environments," stated Lee Klarich, executive vice president, Product Management, Palo Alto Networks.

http://www.paloaltonetworks.com

Monday, November 21, 2016

Palo Alto Networks Trims Outlook

Palo Alto Networks reported sales of $398.1 million for its first quarter of fiscal 2017, up 34% compared with total revenue of $297.2 million for the fiscal first quarter 2016. GAAP net loss for the fiscal first quarter 2017 was $61.8 million, or $0.69 per diluted share, compared with GAAP net loss of $39.9 million, or $0.47 per diluted share, for the fiscal first quarter 2016.

The company trimmed its outlook for Q2, saying it now expects total revenue in the range of $426 to $432 million, representing year-over-year growth between 27 percent and 29 percent. Diluted non-GAAP net income per share are expected in the range of $0.61 to $0.63 using 93.5 to 95.5 million shares.

"Our first quarter 2017 results underscore that our Next-Generation Security Platform uniquely solves customers' most complex security challenges," said Mark McLaughlin, chief executive officer of Palo Alto Networks. "Our platform's ability to provide high degrees of prevention, automation, leverage and consistent security, regardless of wherever data may be, is becoming increasingly important in the face of today's important macro technology changes. As a result, customers and prospects globally are adopting our platform at high rates."

https://www.paloaltonetworks.com

Tuesday, April 5, 2016

Palo Alto Networks Adds Cloud Security Features

The latest version of Palo Alto Networks' PAN-OS adds important breach prevention capabilities of the platform and addresses the security needs of businesses working with cloud-based environments and software-as-a-service (SaaS) applications.

Specifically, PAN-OS 7.1, extends the breach prevention capabilities of the security platform to all major clouds and provides visibility, control, and threat prevention designed to protect customer data regardless of where it resides. Additionally, among the new features are certificate and two-factor authentication advancements that help protect user credentials or neutralize them if they are stolen.
Some key features:
  • Secure Any Cloud – By adding Microsoft Azure and Hyper-V support for the Palo Alto Networks VM-Series and by enhancing VM-Series auto-scaling support in AWS, organizations can achieve a scalable security architecture that enables consistent prevention measures to be deployed from the network, to the public and private cloud, and to the remote user. 
  • Embrace SaaS – With the release of PAN-OS 7.1 and the newest update to Aperture, Palo Alto Networks adds to its extensive SaaS application capabilities to safely enable Office 365 deployments. 
  • Accelerate Preventative Action With Threat Intelligence – With new capabilities supported in the WildFire threat prevention and AutoFocus threat intelligence services, and PAN-OS, organizations can discover zero-day malware targeting the Mac OS X platform and prevent attacks with the global WildFire feed, now published every five minutes. PAN-OS 7.1 now fully supports Mac OS X signatures and the ability to send Mac OS X files to the cloud. AutoFocus now can add context to every attack and make threat intelligence actionable across the organization.
  • Prevent Breaches With Secure User Credentials – By streamlining the user experience associated with two-factor authentication in GlobalProtect mobile security, organizations can neutralize stolen user credentials. Additionally, enhancements to WildFire and PAN-DB help prevent identity theft from happening in the first place by stopping known and unknown attacks and preventing phishing attempts.

Thursday, March 3, 2016

BT to Offer Palo Alto Networks's Next Gen Security

BT will integrate the Palo Alto Networks Next-Generation Security Platform into its global portfolio of security services.

Specifically, BT's Assure Managed Firewall service will now integrate WildFire cloud-based malware prevention, which is a key component of the Palo Alto Networks Next-Generation Security Platform. It will be used to further secure the access to cloud-based applications, enabling enterprise customers to reap increased benefits from BT's Cloud of Clouds.

"Security is now a top concern for every business, and with continued growth in both the volume and sophistication of attacks, a breach prevention-focused strategy is essential to ensure a safe digital future for organisations and individuals alike. We are delighted to join forces with BT to help organisations safely enable business operations and protect their most valuable assets, managing both their risk and their security budgets," stated Mark McLaughlin, president and chief executive officer at Palo Alto Networks.

http://www.btplc.com

Tuesday, December 15, 2015

Palo Alto Networks VNF Runs on Mirantis OpenStack

Mirantis and Palo Alto Networks announced a joint partnership and availability of Palo Alto Networks next-generation security as a virtual network function (VNF) within Mirantis OpenStack, a production-grade OpenStack distribution. The combination protects applications from cyberthreats while taking advantage of the agility, cost savings, and innovation of the OpenStack cloud ecosystem.

“OpenStack cloud environments are an attractive choice for many organizations because it gives them flexibility to accelerate innovation by rapidly deploying emerging technologies such as network function virtualization (NFV). We have teamed with Mirantis to give organizations next-generation security as a virtual network function (VNF) needed to operationalize OpenStack and effectively prevent successful cyber breaches,” said Marc Benoit, vice president of technical business development, Palo Alto Networks.

“As enterprises transition to a cloud infrastructure model, they migrate from hardware-based network services to a software-based, virtualized approach. Integrating Mirantis OpenStack with Palo Alto Networks VM-Series next-generation firewall is a good example of helping accelerate and secure this transition,” said Kamesh Pemmaraju, Mirantis vice president of product marketing. “Our Unlocked partner ecosystem makes it easy for companies to build an OpenStack cloud infrastructure with best-of-breed components.”

https://www.mirantis.com
http://www.paloaltonetworks.com

Tuesday, August 18, 2015

Palo Alto Debuts Highest Performance Firewall

Palo Alto Networks introduced its highest performance, next-generation firewall.

The new PA-7080 next-generation firewall, which can deliver up to 200Gbps throughput and 100Gbps with all security capabilities enabled, is designed for non-disruptive integration into large networks and data centers. It uses nearly 700 function-specific processors for networking, security, content inspection, and management.  It supports virtual wire, L2 and L3 networking, high availability modes combined with simplified management, simplified licensing, and intelligent traffic management. The PA-7080 is NEBS compliant, has front-to-back cooling, and AC/DC power supply options as standard features.

"By providing industry-leading performance with the full set of Palo Alto Networks security capabilities enabled, the PA-7080 is architected to deliver safe application enablement and to prevent against cyberattacks at the scale needed by service providers and the largest enterprises; it is an integral component of a prevention-minded, integrated platform approach to securing these organizations' networks," said Lee Klarich, Senior Vice President of Product Management.

https://www.paloaltonetworks.com/content/campaigns/pa-7000-series/pa-7000-series/index.html

Wednesday, May 27, 2015

Palo Alto Networks Acquires CirroSecure for SaaS Security

Palo Alto Networks has acquired CirroSecure, a Silicon Valley-based company with a solution for extending security into sanctioned, Software as a Service (SaaS) applications, like Box, Dropbox, GitHub, Google, Yammer, or Salesforce. Financial terms were not disclosed.

The CirroSecure technology offers a highly differentiated approach to securing these applications by providing visibility across all user, folder, and file activity while applying deep analytics into day-to-day usage to quickly determine if any policy or data security violations have occurred.

Palo Alto Networks said the addition of the CirroSecure technology to its Enterprise Security Platform provides additional security for SaaS applications, which often store some of an organization's most sensitive data. Palo Alto Networks expects the CirroSecure technology to be available in the second half of 2015 as a new subscription-based service.

https://www.paloaltonetworks.com/company/press/2015/palo-alto-networks-acquires-cirrosecure.html

Palo Alto Networks Posts Sales of $234.2 million, up 55% YoY

Palo Alto Networks reported record revenue for its fiscal third quarter 2015 of $234.2 million, up 55% compared with $150.7 million for the fiscal third quarter 2014. GAAP net loss for the fiscal third quarter 2015 was $45.9 million, or $0.56 per diluted share, compared with GAAP net loss of $146.6 million, or $1.96 per diluted share, for the fiscal third quarter 2014.

"We reported record revenue in the fiscal third quarter 2015 as we continue to expand market share with growth rates that significantly outpace the market. Our ongoing success is due to our natively integrated and highly automated enterprise security platform that delivers prevention capabilities at every step in the cyber-attack lifecycle," said Mark McLaughlin, president and chief executive officer of Palo Alto Networks.

Steffan Tomlinson, chief financial officer of Palo Alto Networks, commented, "Year-over-year revenue growth of 55 percent was driven by new customer acquisition and expansion in existing accounts, resulting in substantial growth across all three components of our business: product, recurring subscription and support. At the same time we continued to realize the leverage inherent in our ramping hybrid-SaaS model, delivering sequential and year-over-year expansion of non-GAAP operating margin, non-GAAP earnings per share, and cash flow from operations."

http//www.paloaltonetworks.com

See also