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

Sept 1 — Palo 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.

Here ​are more details:

• 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)

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