AI Index / Palo Alto Networks, Inc.
Palo Alto Networks, Inc. (PANW)
Palo Alto Networks -- a cybersecurity company specializing in network security, cloud security through Prisma Cloud, and security operations via Cortex -- taps into AI across its offerings, including in XSIAM, which enhances security operations by automating threat detection and response. Newer AI-focused solutions like AI Access and AI Security Posture Management address security for AI applications. The company reports over $200 million in AI Annual Recurring Revenue (ARR).
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At the same time, the threat landscape continues to evolve faster than we expected because of AI. As many of you saw last week, with one of the major AI platforms, AI hackers aren't a future threat, they're here now. This was the first reported case of an AI agent autonomously conducting a large-scale nation-state cyber attack.
- Nikesh Arora
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Quotes from palo-alto-networks Executives About Artificial Intelligence and Generative AI
AI is exposing the cracks in our enterprise architectures, which do not have robust security. Patches are incomplete, platforms are missing. There is a plethora of point products across the enterprise. This gap is exactly where attackers thrive.
- Nikesh Arora
AI is here and with it, AI attackers are here, too. Our messages to customers is clear, real-time visibility and security are essential for infrastructure. This reality necessitates a paradigm shift in the industry.
- Nikesh Arora
SASE had a phenomenal quarter. ARR grew 34% year-over-year and surpassed $1.3 billion in Q1, making us the fastest-growing SASE provider at scale. We now have approximately 6,800 SASE customers, including 1/3 of the Fortune 500.
- Nikesh Arora
With our acquisition of Protect AI now fully integrated, we introduced Prisma AIRS 2.0 in Q1, the industry's most comprehensive end-to-end platform to secure AI, protecting everything from autonomous agents to the models that power them.
- Nikesh Arora
Our commitment to AI security is driving new high-value partnerships, including a collaboration with NVIDIA to secure the AI factory with Prisma AIRS on BlueField and tight integrations with platforms like Glean, IBM, Factory and ServiceNow in securing the exploding number of agentic AI workflows.
- Nikesh Arora
I'm also thrilled to announce the launch of AgentiX this quarter. AgentiX brings powerful AI agents directly to the core of enterprise security challenges.
- Nikesh Arora
In the future, the only effective countermeasure against hacker AI will be our own AI agents, purpose-built for advanced security detection and remediation.
- Nikesh Arora
We are fundamentally transforming security operations and optimization by deploying autonomous AI agents that deliver enhanced speed, superior efficiency and greater control for security practitioners.
- Nikesh Arora
We continue to apply an AI-first lens to all of our processes and functions. Notably, we have been able to deploy AI in our global customer support organization to drive 3 consecutive quarters of case volume reduction and reduce time to resolve for 11 consecutive quarters.
- Dipak Golechha