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00:02Palo Alto Networks beat fiscal fourth quarter estimates as rising AI risks drove demand for
00:08its cybersecurity tools. The company reported fiscal fourth quarter adjusted earnings of $1.02
00:13per share and revenue of $341 billion, topping estimates of $0.98 and $3.35 billion, respectively.
00:21Revenue rose 34% from a year earlier. CEO Nikas Arora said accelerating AI attacks
00:27are driving demand for cybersecurity tools, calling AI a long-term growth tailwind.
00:32Palo Alto has held more than 2,000 customer briefings following Anthropics Mythos launch,
00:37up from about 1 in 200 last quarter. The company also announced its acquisition of AI startup console.
00:43Palo Alto expects first quarter revenue of $330 billion to $331 billion above the $392 billion
00:50estimate and full-year revenue of $14.10 billion to $1420 billion.
00:54shares dipped 5% in Tuesday's extended trading. For all things money, visit Benzinga.com.
