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General

Palo Alto raises FY guidance again after solid Q3 boosted by strong pipeline

Friday 21 May 2021 | 11:10 CET | News
Palo Alto Networks posted higher-than-forecast results for its third quarter to end April, driven by the focus going on security amid recent cybersecurity incidents. CEO Nikesh Arora said this has driven "great strength" across the business, with billings growth accelerating to 27 percent year-on-year. The CEO sees these trends continuing into Palo Alto's fiscal fourth quarter. As a result, the company has raised its guidance for its fiscal year 2021, with "confidence in our pipeline."

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Categories: General
Companies: Palo Alto Networks
Countries: World
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