Palo Alto Networks CEO discusses bundling strategy and emphasizes importance of ‘platformization’ for the future

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Palo Alto Networks recently reported an earnings beat, and CEO Nikesh Arora shared insights with CNBC’s Jim Cramer about the company’s “platformization” strategy. This strategy involves bundling the company’s products and services to enhance long-term success in the cybersecurity industry. Arora emphasized the importance of moving fast and staying ahead of the competition by offering a comprehensive platform to customers.

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One key aspect of Palo Alto’s strategy is its focus on artificial intelligence services. Arora highlighted the company’s success in selling tangible AI services, with revenues exceeding $200 million in annual recurring revenue. This demonstrates the company’s commitment to providing innovative solutions to its customers.

Despite cutting its full-year guidance earlier in the year to pivot to a platformization strategy, Palo Alto is optimistic about the progress it has made. The company saw early momentum in platformization, and Arora expressed excitement about the future prospects of this approach.

Following the earnings report, Palo Alto’s stock surged more than 2.5% in after-hours trading, reflecting investors’ confidence in the company’s direction. This positive response indicates that the market views Palo Alto’s strategic shifts positively.

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