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Palo Alto Networks Announces Intent to Acquire Two Cloud Security Startups

The addition of Twistlock’s and PureSec’s capabilities will extend Palo Alto Networks ability to address the most critical areas of cloud security for customers. These proposed acquisitions will bring Twistlock’s leading container security and PureSec’s innovative serverless security to Palo Alto Networks new Prisma cloud security suite. Used by approximately 9,000 customers worldwide, Prisma helps enable a secure journey to the cloud. With the additions of Twistlock and PureSec, Palo Alto Networks will be uniquely positioned to secure today’s modern applications throughout the entire life cycle, enabling organizations to deliver innovations that are secure, reliable, and scalable.

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Q3’19 Quarterly Highlights

Total Revenue

$726.6M 28% year over year

Total Billings1

$821.9M 13% year over year

Non-GAAP EPS2

$1.31 26% year over year

Total Cash, Cash Equivalents & Investments

$3,718M 68% 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 Q3 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 Q3 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.

~62,000 Customers Acquired

>150 Countries

>6,500 Employees

$20.48B Market Cap

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Note: Metrics as of May 29th, 2019