thank Thank you our Good everyone joining and call. you, afternoon, for David.
Palo industry of most know, As of this talked Alto In the my goals quarter, you very call, about my and am at our first company. the I on observations with lapping I first QX Networks. my
year product integration About were we single a ago, great company on and focusing automation.
We the recognizing early beginning cloud the have some evolving with are to the we products aspirations technology. AI made build trends where of and in towards moves ML,
One our year be with happier later, achievements. couldn’t I
leading great into product portfolio. progress significant made cloud in ML using AI and security, strides a moving making have We automation in position across our
Our are working. speedboats
delivering are more seeing our integration. This and Palo We on is and Alto fruit more and the customers Networks. betting benefit bearing
in company for set September. shared our with it A during ago, out Day a months we you the Analyst plan few three-year and
confident need where And provide work. intend goals term progress the more we card we our feeling want also I share how also set While that on to this are to have feel we towards longer are and to I’d a share for I progressing where quarter, more we during I ourselves. importantly, like more report perhaps,
quarter presented target ourselves the we are September. we against in first This is the marking that
that Investor our that Relations We download have follow with published on is available website along can to slide my comments. you a
this We will be targeting our progress plan. against
they how overall Let’s our start are with billings and targets tracking.
have than our done better guidance. to We are delighted
kick-start end rhythm an enterprises effort put new have driving that a lot good years. business, the learning year to our enterprise in am of then understand -- I As of I they and
advised I have off challenges delivered that the be sometimes we and our races. but fiscal are there to teams momentum into new was sustaining year, can
after investors asked million year? makes billings this with many next-generation spoke security in I achieve Analyst $XXX me, that Day, As of what plus you you can confident
to we have after QX, that billings maintained able have security a year-over-year. delivering of XXX% million, our and am delighted plans, the better I is $XXX great which next-generation report been momentum to
the So our ability our to million are $XXX sticking full to in to $XXX guidance have billings To more million. our for we continue here. show with next-generation my increasing confidence, confidence scorecard, I growing to security deliver for year
our area platform the not weighed of on to deliver and expectation as business. very only which we as security XXXX, teams us platform to QX, quarter product, strong only that next-generation they year-over-year, did the one provided we grew The with category a category firewall year-over-year. grew a is to incentives our build growth the By fiscal could they our in XX% XX% firewall the showed In results.
pipeline security carried QX. the momentum of That XXXX, going with fiscal into strong into next-generation start
this our we it going incentives for to even little us take to year, it’s have sales effect. like though However, change take balanced more a looks that
continue CAGR service. three performance in the firewall years virtual this the ability confidence to a as over form three factors hardware, quarter, and contributions we as in category, all deliver next to our Despite from platform have our a a with XX%
by pillar. speedboat area, gives with regional This be leaders. in Chief the enterprise help Amit, our three have coincide This To of speedboat will who Elder our this along efforts security established to Riverbed. we was our third President, led Andy Revenue leaders, speedboat our recently Officer with our
we on in company. nimble organization, With change, to be to position us to not that to continue transformation a Sales and multi-product flatter our replace the of allowing chosen have of a Head
scorecard, on our our remain revenues to target. Back
get on EPS, I to to appreciate and cash flow. you Day. of analyst’s let’s read and did help we our I Now margins at to down want a our topic travel made report point many the Analyst this
is in year transformation. fiscal of This year our investment
invest. not are we are cut We looking costs, to to looking
to a plan. teams holding are However, our we
to it, without the intend which I to stick Aporeto, course, an us of acquisition and asks of accounting, to $X.XX $X.XX plan we this proposed Our EPS announced. to of year just deliver for
timing our target due was annual to adjusted cash cash compared QX light Our the of free flow certain to flows. margin
on remain we guidance. our track annual However, with
So the customers at now taking strategy. month. products, ML with ambition a today, platforms ago three Ignite in let’s emerging our enterprise, product our earlier just in year dive see we were Many Conference our about of the in announcements bets this we talking across debuted the AI, exciting integrated Barcelona are and that, the product cloud our while we
Today our Strata, our a AI left a that attach firewall As know, subscription. are brand branded in cloud you solutions ML have our we products and announcing and for and Cortex business application needing brand. framework we our Prisma, firewall
we are making the We pleased enterprise. secure with are the to innovations
Access for SD-WAN two As some be of aware, in we Barcelona at announced DLP event ago. Ignite our you might weeks and Prisma
We available will be extend shortly, capabilities XXXX. subscription SD-WAN to then next-generation IoT to in our with an and firewalls attach
of format. simultaneously span seven. we available our XX virtual the in four from a In months, attach to subscriptions will firewall subscriptions take will be These new
side launched a customers is X,XXX growing quick note, year. just attach subscription over of now DNS boasts this having February security As and in fastest our
continued Network consecutive for leader in Quadrant and garner we the named Firewalls category, Gartner for recognition leadership time. this the Magic our as technical the In to for were eighth
as good in by planned ongoing are We potential recent a area. this about as of Zero overall firewall platforms we ecosystem the recognized excited providers a growth Wave extended Trust their in the platform about Forrester leader innovation also and were feel We report. have
the access Moving the securing about let talk cloud, cloud to Access. first Prisma and to me
management new SD-WAN We cloud-based DLP announced, are have UI and agreement. very level service including excited about services, and the recent a innovations new SaaS we
called service platform. be or comprehensive access Prisma Access is service Gartner This in a edge market potential now defined access secure edge. Access category industry’s the a a by Prisma gives secure most new leader SASE to
and convergence Access and demands cloud suited be perfectly ease work also secure the recognizes delivering in a while emerging cloud network on is and SASE of of Prisma management. this to category. that forces, security is to leader mobile required new integration
customers. excited are product bring our announced We to incredibly to this
you no. Moving to The we I is, questions the one something the doing out, string want Cloud, get of point I of across asked often strategy? Prisma is answer different. to pearls are are deploying
We integrating three are into platforms.
for Cloud. is prime goal our to customers example life through Prisma make Our easier is integration. A
functionality acquired we As four soon Redlock, as the months. in integrated evident into it we
one This have integration Redlock, and into of PureSec platform, Twistlock the one yes, Prisma past platform, announced week, we Cloud.
Now for the is buy which one you only product our product. SaaS integrated version, can
on I time record delivering am over who proud work of very cross-product of more five have year. and of a team acquisition, Prisma effort capability our next will the delivered to continue in since course, we months this
organizations under serverless pane their view unified and across and and of single cloud obtain security Prisma allows environments type Cloud compliance a cloud glass. of full a posture workload, including containers, to any host of
development personally software Prisma X,XXX build developers the run to they now a vulnerability having with without every status also Prisma essential ability believe security is in Cloud customers. the integrates time separate a allowing the platform, over to I multi-cloud, becoming multi-technology tool. fast workloads, run Cloud see
to theme believe reinvented. proposed accelerate scan we an be to through micro-segmentation to to extensive After efforts market thinking our Keeping Aporeto. more acquisition of fundamentally acquire of announced our today a Aporeto. the capability, providing we We how intent and can decided
unique machine Prisma security by native capabilities identity cloud has capabilities existing the platform Aporeto micro-segmentation based delivered complement Cloud. that
are to Networks. to Palo team Alto incredibly excited welcome the We
Prisma hard to continues acquisition, platform. to addition the drive Aporeto In the our team innovation on Cloud
has I by outperformed am an X.X quarter of billings Ignite. proud endpoint Cortex. to turn is This XX%. team their version let’s capabilities. at forecast for introduced also and with both almost protection first This XDR this We team. Cortex XDR the Now integrated
to their several we XDR. term the gratifying reinvented data to offer with When been months vendors own suit follow other are we only take X.X vendor to six see launched XDR Cortex and It’s products. EDR about deliver ago, network and
stay continue on this in We to bleeding category. edge the
Cortex collected environments. firewalls, multi-vendor data across XDR’s capabilities analytical and extending are behavioral enabling logs to from include detection We third-party
Check Data announced of Point inclusion We at the Ignite. Firewall
competitors from way. about to is also to year talk will This able hope hear and be accept the probably before Cisco data only in me Fortinet neutral a over. you time our the is We
Cortex we up to about to to allowing time XXx volumes first analysts investigation by on months those and nine the of alert noise In filtering enabled and organizations XDR, out Xx, have by speed critical the reduce threats. focus
new Demisto our we security capabilities. of ago, couple which our Demisto, Cortex orchestration adding of to a of months is brand, a platform, enhanced Turning part number automation response by comprehensive
users speed redefines sore enabling completely a of flows Demisto improving tailored customizability, the clarity in security limits X.X manner, the incident and to visualize indicator of operations. and
our more collect what is at used. about event, even Lee to ability exciting on being how our What’s data talked is Demisto ignite telemetry
this get data to on customers. starting are We
most We most the are best. to valuable will on get them we can the insights the give which of which this and to how start work playbooks including where the more see benefits, platform, integrations
platinum support customers. This virtual called are our continuation we of service to Panorama our offering physical highest and a announce of management for provide and the is new to our goal to system. Finally, very pleased a support high-end level firewalls our
Platinum the Palo several expertise and of our Networks premium response of support feature offering customers will need other in to version that mind dedicated knowing their NaaS also quarter, teams designed new it. peace features and our whenever and times, ensure supported deep best-in-class Alto they
I all This overview review of we introduced and presentation to encourage you archive is the an have that that event. just at from Ignite
nearly a of of the quarter, repurchased confidence our continued $XXX shares. As during million measure worth that we
a ability year. the set in first confident our we great feel quarter. To had this conclude, plan more I for deliver out to we
from leading rolled edge exciting have on to the to product XDR cloud firewalls teams have to security. and Our categories innovations out in SOAR multiple and SASE us
be road As more continue our months, excited knowing customers by XX our I deployed map even strengthening, to category products for the security that I to will become our around and next the the see world. mature contemplate
over will that, With to turn the I call Kathy.
