Palo Alto Networks is the world's largest pure-play cybersecurity company by revenue, generating $8.2B annually and serving 85,000+ customers including 80% of the Fortune 100 with its AI-powered Strata, Prisma, and Cortex security platforms. Its 'platformization' strategy — offering customers end-to-end security from network firewall to SIEM to XDR — is steadily replacing the 'best-of-breed' multi-vendor approach that has long defined enterprise security buying patterns. CEO Nikesh Arora (formerly of SoftBank and Google) has signed multi-year 'platformization' deals worth $1B+ with major enterprises willing to consolidate their security stack. The company holds a $120B market cap and is growing its platform revenue 20%+ annually despite the highly competitive market.
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