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Palo Alto Networks | 10-K: FY2024 Annual Report

Palo Alto Networks | 10-K: FY2024 Annual Report

Palo Alto Networks | 10-K:2024财年年报
美股SEC公告 ·  2024/09/06 13:15

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Palo Alto Networks delivered robust financial results for fiscal year 2024, with total revenue increasing 16.5% to $8.0 billion. Subscription and support revenue grew 20.9% to $6.4 billion, representing 80% of total revenue, while product revenue rose 1.6% to $1.6 billion. Operating income surged to $683.9 million, with operating margin expanding to 8.5%.The company demonstrated strong operational execution with cash flow from operations of $3.3 billion, up from $2.8 billion in FY23. Gross margin improved to 74.3% from 72.3% in the prior year, driven by increased software revenue and lower supply chain costs. The company released its valuation allowance on certain deferred tax assets, resulting in a net tax benefit of $1.6 billion.Strategic acquisitions enhanced the company's portfolio, including Dig Security and Talon Cyber Security to strengthen cloud security capabilities. The company maintained strong momentum in platform adoption across network security, cloud security and security operations, while continuing investments in AI-powered innovations. Post period, Palo Alto Networks completed the acquisition of IBM's QRadar SaaS assets to accelerate Cortex XSIAM growth.
Palo Alto Networks delivered robust financial results for fiscal year 2024, with total revenue increasing 16.5% to $8.0 billion. Subscription and support revenue grew 20.9% to $6.4 billion, representing 80% of total revenue, while product revenue rose 1.6% to $1.6 billion. Operating income surged to $683.9 million, with operating margin expanding to 8.5%.The company demonstrated strong operational execution with cash flow from operations of $3.3 billion, up from $2.8 billion in FY23. Gross margin improved to 74.3% from 72.3% in the prior year, driven by increased software revenue and lower supply chain costs. The company released its valuation allowance on certain deferred tax assets, resulting in a net tax benefit of $1.6 billion.Strategic acquisitions enhanced the company's portfolio, including Dig Security and Talon Cyber Security to strengthen cloud security capabilities. The company maintained strong momentum in platform adoption across network security, cloud security and security operations, while continuing investments in AI-powered innovations. Post period, Palo Alto Networks completed the acquisition of IBM's QRadar SaaS assets to accelerate Cortex XSIAM growth.
Palo Alto Networks发布了2024财年的强劲财务业绩,总营业收入增长16.5%,达到80亿。订阅和压力位营业收入增长20.9%,达到64亿,占总营业收入的80%,而产品收入增长1.6%,达到16亿。营业收入激增至68390万,营业利润率扩大至8.5%。公司展示了强劲的运营执行力,运营现金流为33亿,高于FY23的28亿。毛利率从去年的72.3%提高到74.3%,主要受益于软件收入的增加和供应链成本的降低。公司对某些递延税资产释放了估值备抵,导致税收净收益为16亿。战略收购增强了公司的投资组合,包括Dig Security和Talon Cyber Security,以加强云安全能力。公司在网络安全、云安全和安防-半导体领域的平台采用保持强劲势头,同时继续投资于人工智能驱动的创新。在此期间,Palo Alto Networks完成了对IBM的QRadar SaaS-云计算资产的收购,以加速Cortex XSIAm的增长。
Palo Alto Networks发布了2024财年的强劲财务业绩,总营业收入增长16.5%,达到80亿。订阅和压力位营业收入增长20.9%,达到64亿,占总营业收入的80%,而产品收入增长1.6%,达到16亿。营业收入激增至68390万,营业利润率扩大至8.5%。公司展示了强劲的运营执行力,运营现金流为33亿,高于FY23的28亿。毛利率从去年的72.3%提高到74.3%,主要受益于软件收入的增加和供应链成本的降低。公司对某些递延税资产释放了估值备抵,导致税收净收益为16亿。战略收购增强了公司的投资组合,包括Dig Security和Talon Cyber Security,以加强云安全能力。公司在网络安全、云安全和安防-半导体领域的平台采用保持强劲势头,同时继续投资于人工智能驱动的创新。在此期间,Palo Alto Networks完成了对IBM的QRadar SaaS-云计算资产的收购,以加速Cortex XSIAm的增长。
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