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Ceo Nikesh Arora

All articles tagged with #ceo nikesh arora

technology1 year ago•1 min saved

Palo Alto Networks CEO Stands Firm Amid Revenue Forecast Cut

Palo Alto Networks CEO Nikesh Arora stated that the company's decision to lower revenue guidance was not due to a lack of demand for cybersecurity products, but rather a strategic shift to accelerate growth, platform migration, and consolidation. Despite the stock plummeting after the earnings report, Arora emphasized that the company's business and demand remain strong, with customers seeking more efficient cybersecurity solutions amidst "fatigue" from dealing with multiple vendors and legacy infrastructure.

via CNBC|

#ceo-nikesh-arora #cybersecurity #demand

technology1 year ago•3 min saved

Palo Alto Networks Faces Stock Plunge After Revenue Guidance Cut

Palo Alto Networks CEO Nikesh Arora announced a dramatic shift in the company's growth strategy, aiming to accelerate consolidation onto its unified security platform despite a short-term hit to growth. This includes offering free product incentives to customers to drive adoption of more tools on its platform. The company expects a 12 to 18-month recovery period for its growth rate and aims to reach $15 billion in annual recurring revenue by fiscal 2030. The platform approach, which includes 16 acquisitions, is central to the company's strategy, focusing on building a comprehensive cybersecurity platform covering network security, cloud and applications protection, secure access service edge (SASE), zero trust security, and AI-powered threat detection.

via CRN|

#ceo-nikesh-arora #cybersecurity #growth-strategy