Palo Alto Networks also managed costs well, leading to a fiscal Q1 gross profit of $1.6 billion, up from $1.4 billion in 2023. This helped Q1 net income skyrocket to $350.7 million from $194.2 million in the prior year. Net income growth led to Q1 diluted earnings per share (EPS) of $0.99, an impressive increase from 2023's $0.56.

Quantum Random Number Generator Open API framework enables companies to begin preparing for a future of quantum security threats, the company said.

Palo Alto Networks Channel Chief Michael Khoury spoke with CRN about why the cybersecurity giant’s push for platformization enables partners and customers to ‘leverage AI to its fullest.’

Palo Alto Networks (NASDAQ: PANW) stock is making gains in Tuesday's trading thanks to a pair of bullish reports from analyts. The cybersecurity company's share price was up 3.8% as of 2 p.m. ET. The gains come amid a 0.