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Palo Alto Networks Acquires Redlock

Palo Alto Networks already provides a broad security offering for multi-cloud environments with inline, host-based, and API-based security, which was bolstered by the acquisition of Evident.io in March 2018. By combining the Evident and RedLock technologies, we will provide customers with cloud security analytics, advanced threat detection, continuous security, and compliance monitoring in a single offering anticipated early next year. We expect that the new offering will help security teams respond faster to the most critical threats by replacing manual investigations with automated, real-time remediation and reports that highlight an organization’s cloud risks.

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Q1’19 Quarterly Highlights

Total Revenue

$656M +31% year over year

Total Billings1

$758.5M +27% year over year

Non-GAAP EPS2

$1.17 +56% year over year

Total Cash, Cash Equivalents & Investments

$3,769M +65% 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 Q1 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. Ssee our Q1 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

We are the global cybersecurity leader, known for always challenging the security status quo. Our mission is to protect our way of life in the digital age by preventing successful cyberattacks. This has given us the privilege of safely enabling tens of thousands of organizations and their customers. Our pioneering Security Operating Platform safeguards your digital transformation with continuous innovation that combines the latest breakthroughs in security, automation, and analytics. By delivering you a true platform and empowering a growing ecosystem of change-makers like us, we provide you highly effective and innovative cybersecurity across clouds, networks, and mobile devices. Across the world, customers love our security and consistently award us the highest loyalty ratings and net promoter scores in the industry.

>56,500 Customers Acquired

>150 Countries

>5,600 Employees

$15.7B Market Cap

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Note: Metrics as of November 29th, 2018