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Palo Alto Networks Growth Scenario in the Light of Market Dynamics

International Business

Palo Alto Networks Growth Scenario in the Light of Market Dynamics

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Palo Alto Networks

Despite the slip of 2% from after-hours trading that was triggered by the weak billings guidance, Nikesh Arora, the CEO of Palo Alto Networks assured investors. Arora said that this was only a cosmetic issue, indicating robust demand for information and cybersecurity solution services. Its Q1 earnings overcame the street’s expectation due to emerging clients’ pay pattern as a result of high interests rate.

Arora noted that these factors contributed to the so called “billing” issues associated with payment schemes of an annual and upfront basis covering of multiple year periods. He advised the people to concentrate more on the strong profitability indicators of their operations. Arora advised Wall street on RPO that is the leading Indicator, which skyrocketed 26% signifying a promising revenue future. As part of the cybersecurity landscape challenges, Palo Alto Networks is tough in meeting market expectations and predicting future growth.

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Aman Niranjan

Your career is not decided by the future its decided by the work you do now. Being a journalist of a future giving you the knowledge now is my duty. Passionate to help the people and make them connect to the world by giving them the information.

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