Nikesh Arora, CEO of Palo Alto Networks, has announced that the company is expected to generate nearly two billion dollars in revenues for the fourth quarter, bringing the annual total to around eight billion dollars. Growth rates are expected to be between 10 and 15%, despite a general slowdown in the market. Arora points out that Palo Alto is the first cybersecurity company to exceed $100 billion in market capitalisation.
On the subject of billing forecasts, Arora explains that changes in payment terms have made this indicator less reliable, especially in a context of high interest rates. He prefers to focus on remaining performance obligations (RPOs), which have risen by 23% to $11.5 billion over the next three years. The CEO refers to contractual commitments that a company must honour in the future. These obligations are often measured in terms of the revenues the company expects to receive.
Finally, Arora announces the imminent launch of new AI-based security products. These innovations aim to secure customers' technology deployments in the face of constantly evolving threats. It highlights the importance of integrating security products to offer comprehensive protection, rather than focusing on isolated solutions.
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