Palo Alto Networks Inc Annual Shareholders Meeting Summary

Edited Brief of PANW.OQ shareholder or annual meeting 10-Dec-24 7:00pm GMT

...A. Our revenue grew 16% year-over-year to $8 billion. B. Our NGS ARR grew 43% year-over-year to $4.2 billion and our RPO grew 20% year-over-year to $12.7 billion demonstrating that our strategy is deeply resonating with our customers. C. In network security, our firewalls and platform billings grew 17% year-over-year driven by our SASE and software firewall offerings. D. Our cloud security platform became the first pure play cybersecurity cloud business to achieve $700 million in ARR. E. In security operations, our cortex platform exceeded $900 million in ARR with its strength driven by XSIAM. F. We introduced several new offerings such as XSIAM 2.0, Prisma SASE 3.0 and our Secure AI by design product offerings powered by precision AI. G. The fifth item of formal business is to approve an amendment to our Palo Alto Networks Inc 2021 executive incentive plan to increase the number of planned shares reserved for issuance. H. The CDP reports that 215 global companies including Palo Alto Networks...

Brief