Walter Pritchard
Good afternoon, and thank you for joining us for today s conference call to discuss Palo Alto Networks fiscal third-quarter 2021 financial results. I m Walter Pritchard, senior vice president of investor relations and corporate development. This call is being broadcast live over the web and can be accessed on the investors section of our website at investors.paloaltonetworks.com. With me on today s call are Nikesh Arora, our chairman and chief executive officer; Dipak Golechha, our chief financial officer; and Lee Klarich, our chief product officer.
This afternoon, we issued a press release announcing our results for the fiscal third quarter ended April 30, 2021. If you would like a copy of the release, you can access it online on our website. We would like to remind you that during the course of this conference call, management will make forward-looking statements, including statements regarding the impact of COVID-19; the SolarWinds attack on our business, our c
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Palo Alto Networks Probes New Equity Structure For Cloud, AI Unit
‘[The market] values the network security business in cash flow and values the cloud and AI business in ARR. So we want to be able to create the opportunity for the market to value our businesses differently,’ says CEO Nikesh Arora. By Michael Novinson February 22, 2021, 07:00 PM EST
Palo Alto Networks is exploring different equity structures for its cloud and AI security business that could potentially allow different investors to bankroll the high-growth practice.
The Santa Clara, Calif.-based platform security vendor said its board of directors has approved creating a vehicle for its employees to invest in equity around the company’s cloud and AI business, more tightly aligning the interest of employees and shareholders, said CEO Nikesh Arora (pictured). The cloud and AI business includes the company’s Prisma Cloud, Cortex security operations, and incident response se
Palo Alto Networks has agreed to purchase early-stage startup Bridgecrew to deliver cloud security across the full application lifecycle by codifying infrastructure configuration during development.