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Technology Stocks : Palo Alto Networks, Inc.
PANW 236.91+0.4%12:23 PM EDT

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From: JakeStraw3/21/2019 12:05:45 PM
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Palo Alto Networks Reports Fiscal Second Quarter 2019 Financial Results
paloaltonetworks.com
Fiscal second quarter revenue grows 30 percent year over year to $711.2 million
- Fiscal second quarter billings grow 27 percent year over year to $852.5 million
- Deferred revenue grows 32 percent year over year to $2.5 billion
- Announces $1 billion share repurchase authorization

"We remain focused on delivering to our customers the best security in the market," said Nikesh Arora, chief executive officer of Palo Alto Networks. "Our recently introduced products and services, including Cortex XDR, Traps 6.0, PAN-OS 9.0, the DNS Security Service subscription, and our fastest ever Next-Generation Firewall, coupled with the proposed acquisition of Demisto, further enhance and expand our capabilities, making security simpler and more effective through the use of artificial intelligence, analytics, automation and orchestratio
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