22 Nov 2024 CMB International Global Markets | Equity Research | Company Update Palo Alto Networks (PANW US) Platformization strategy resonating well with customers Palo Alto Networks (PANW) announced 1QFY25 (Jul year-end) results: total revenue was up 13.9% YoY to US$2.1bn, 1% ahead of Bloomberg consensus, and non-GAAP net income reached US$544.9mn, up 17% YoY, 6% better than consensus, driven by more optimized-than-expected sales and marketing and G&A spend aided by operating efficiency improvement. The a ...