Palo Alto raises annual revenue forecast on steady cybersecurity demand

Quick Summary:

Palo Alto Networks raised its full-year revenue forecast on Thursday, on expectations of a surge in demand for the company's cybersecurity solutions to tackle rising online threats.

The company also said it had added Helle Thorning-Schmidt, former prime minister of Denmark, and Ralph Hamers, former CEO of UBS Group AG and ING Group, to its board.

"In Q2, our strong business performance was fueled by customers adopting technology driven by the imperative of AI, including cloud investment and infrastructure modernization," CEO Nikesh Arora said.

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Category: EconomyBusiness

Markets: SingaporeDenmarkFrance

Topics: Cloud Forecast Billion Raised Networks Alto Palo Company Analysts Cybersecurity Revenue

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 07:13:18 (5 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 362 words

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Sentences: 15 lines

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News ID: 26133325

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