Financial PerformancePalo Alto Networks announced results that exceeded market expectations, with total revenue up 14.3% YoY and non-GAAP net income up 12% YoY, driven by more optimized-than-expected sales and marketing spending.
Product GrowthThe company's Next-Generation Security products continued to deliver solid growth, with ARR reaching US$4.78bn, up 37% YoY, and the number of SASE US$1mn+ deals up 2.5x YoY.