Palo Alto Networks beats quarterly earnings estimates, acquires AI platform Console
- On Tuesday, Palo Alto Networks acquired Console, an AI-native platform designed to help organizations automate operational tasks using natural language.
- The acquisition addresses rising cybersecurity needs as companies deploy artificial intelligence at scale and face new security risks, according to Palo Alto Networks.
- Palo Alto Networks posted fourth-quarter revenue of $3.41 billion, beating the $3.35 billion estimate, while Chairman and CEO Nikesh Arora said the deal enables customers to "build agentic workflows in natural language."
- Arora said this shift to "software-as-an-agent" gives the platform "the arms and legs to deliver autonomous security outcomes" while enabling direct conversations with data.
- Palo Alto Networks forecasts fiscal 2027 revenue between $14.1 billion and $14.2 billion, representing 23% to 24% growth, with adjusted profit per share between $4.16 and $4.19.
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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.
Palo Alto Networks Tops Profit Outlook on AI Security Demand
The cybersecurity firm Palo Alto Networks Inc. issued a profit outlook for the year that exceeded Wall Street’s expectations, fueled by corporate demand for stronger defenses against advancing artificial intelligence systems.
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Crypto BriefingPalo Alto Networks acquires AI agent platform Console to power autonomous security operations
Palo Alto Networks' acquisition of Console signifies a shift towards more autonomous security operations, enhancing efficiency and scalability. The post Palo Alto Networks acquires AI agent platform Console to power autonomous security operations appeared first on Crypto Briefing .
securityweek.com
Palo Alto Networks Acquires AI Agent Platform Console
The cybersecurity giant announced the acquisition alongside quarterly results showing a 34% increase in revenue and strong growth in next-generation security ARR. The post Palo Alto Networks Acquires AI Agent Platform Console appeared first on SecurityWeek.
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