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Palo Alto Networks Announces Intent to Acquire Demisto

The addition of Demisto’s orchestration and automation technologies will accelerate Palo Alto Networks Application Framework strategy and serve as a critical step forward in the company’s aim to deliver immediate threat prevention and response for security teams. Demisto’s automated playbooks have helped reduce alerts that require human review by as much as 95 percent, allowing security teams to focus on the most complex threats. This well-developed approach will bring Palo Alto Networks closer to using AI and machine learning to help further automate significant parts of its customers’ security operations. Demisto will help strengthen the company’s commitment to security teams by delivering a platform that provides higher levels of integration, automation, and innovation to prevent successful cyberattacks.

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Q2’19 Quarterly Highlights

Total Revenue

$711.2M +30% year over year

Total Billings1

$852.5M +27% year over year

Non-GAAP EPS2

$1.51 +44% year over year

Total Cash, Cash Equivalents & Investments

$3,639M +54% 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 Q2 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 Q2 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.

>59,000 Customers Acquired

>150 Countries

>5,700 Employees

$22.19B Market Cap

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Note: Metrics as of November 29th, 2018