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

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)