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Announcements

Palo Alto Networks Announces Intent to Acquire Zingbox

Palo Alto Networks will strengthen its IoT capabilities with the proposed acquisition of Zingbox. The company is known for its cloud-based service and advanced AI and machine learning technology for device and threat identification. Once combined, Palo Alto Networks will deliver a first-of-its-kind subscription for its Next-Generation Firewall and Cortex platforms to give customers the ability to gain control, visibility, and security of their connected devices at scale.

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Q4'19 Quarterly Highlights

Total Revenue

$805.8M +22% year over year

Total Billings1

$1.1B +22% year over year

Non-GAAP EPS2

$1.47 +10% year over year

Total Cash, Cash Equivalents & Investments

$3,379M -14% year over year

(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 Q4 FY19 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 Q4 FY19 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