Double-Digit Revenue Growth for Security Products in 2023 is Forecast to Continue Through 2028, According to IDC [Yahoo! Finance]
Palo Alto Networks, Inc. (PANW)
Last palo alto networks, inc. earnings: 2/24 04:15 pm
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Source: Yahoo! Finance
And revenue growth was strong across the board with all six product categories registering double-digit year-over-year growth, according to new data from the International Data Corporation ( IDC Worldwide Semiannual Security Products Tracker "Security is a board level conversation; cyber risk is business risk. Thus, security spending remains strong and carries with it a certain level of immunity from the negative effects of economic uncertainty. In fact, the emergence of GenAI and other AI technologies are contributing to increased budgets for security offerings in 2024," said Frank Dickson , group vice president, Security & Trust at IDC. "GenAI brings pressure to increase cybersecurity budgets on two fronts: to secure an organization's development and use of GenAI applications and to use GenAI assistants to uplevel security analysts, in both efficacy and efficiency." The largest technology category in 2023 was Network Security with worldwide revenues totaling $27.4 billion. Nearl
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PANW
Earnings
- 5/20/24 - Beat
PANW
Sec Filings
- 6/27/24 - Form 4
- 6/21/24 - Form 4
- 6/21/24 - Form 4
- PANW's page on the SEC website