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Announcements

Palo Alto Networks Announces Intent to Acquire Aporeto

Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced that it has entered into a definitive agreement to acquire Aporeto Inc., a machine identity-based microsegmentation company. Under the terms of the agreement, Palo Alto Networks will pay approximately $150 million in cash to acquire Aporeto, subject to customary adjustments. The acquisition is expected to close during Palo Alto Networks fiscal second quarter, subject to the satisfaction of customary closing conditions.

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Q1'20 Quarterly Highlights

Total Revenue

$771.9M +18% year over year

Total Billings1

$897.4M +18% year over year

Non-GAAP EPS2

$1.05

Total Cash, Cash Equivalents & Investments

$3,329M

(1)Billings is a key financial metric defined as total revenue plus change in total deferred revenue, net of acquired deferred revenue during the period.
Please see our Q1 FY20 Supplemental Financial Information posted on the investor section of our corporate website for the billings calculations.

(2)Non-GAAP EPS is a non-GAAP financial measure. Please see our Q1 FY20 Supplemental Financial Information posted on the investor section of our corporate website for a reconciliation to the most comparable GAAP financial measure.

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Company profile

Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world's greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before. For more information visit www.paloaltonetworks.com.

~65,000 Customers Acquired

>150 Countries

>7,000 Employees

$19.24B Market Cap

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Note: Metrics as of September 4th, 2019