For Q3, revenue was $1.72 billion and grew 24%. So, we -- you know, while when you book a hardware firewall, you get dollar for dollar for revenue. This is a proprietary AI model used by Palo Alto Networks, built by Palo Alto Networks, being used for a specific use case and a task for security. We expect our adjusted free cash flow margin to be 37.5% to 38.5%. VM-Series protects your applications and data using an allow list and segmentation policies that are dynamically updated based on AWS tags. To make the world smarter, happier, and richer. You have to clean all your data processes and have that. Nikesh, my question is about M&A, which I feel like typically comes later in the call, but I feel like it's such a great opportunity right now. You will learn how to sequence vulnerabilities scans for ECS or EKS, starting from Base OS packages to the container Images, leveraging AWS Cloud9, AWS Code Pipeline, and Prisma Cloud by Palo Alto Networks. We should talk more about this today. We've increased our own deal scrutiny, gotten ahead of the challenges, and continue to sharpen our business value focus while demonstrating superior security outcomes to our customers. And there's a lot of work we're doing as well to make sure we are able to protect our customers against any such activity that is conducted using generative AI. The AWS Transit Gateway integrates with Palo Alto Security Devices, which helps to reduce the organization's risk footprint. Empower DevOps teams to do what they do best without disrupting their work. Oops. May 31, 2023, 09:52 AM EDT. or add more compute capacity to your network by connecting your VPC to your I think not just specific to security, in any industry, especially consumer internet. 03:56 AM Can I imagine for -- showcasing that information directly to my customers? It was built by our team internally. With that, I will turn the call over to Dipak to discuss the details of Q3 and our guidance. And as you saw from what Nikesh showed, the new credit usage year over year going up about 44% year over year, but then also the number of customers with two or more, three or more, or four or more modules, in the case of four or more, almost doubling year over year, shows how well that is working. And now, it really is very early days for us I think. I will now turn the call over to Nikesh. This article is a transcript of this conference call produced for The Motley Fool. Great. And I'll tell you what, we've been working at double time, like literally the day Dipak sort of shut the doors on us being able to book anything this quarter, we're out there hunting for the next quarter. We saw revenue growth across all theaters, with the Americas growing 24% year, EMEA up 23%, and JPAC growing 24%. But, Lee, can you highlight some of the key use cases that -- where seen in the first 30-plus customers that we have, what's driven some of this transformation? And to follow up on Saket's comments, nice progression in operating margin here, and it's good to see cash flow margin guidance go up as well. Before Level 3, he worked for Accenture and GE Capital during the 1990s. Next question is from Brian Essex at J.P. Morgan, followed by Brad Zelnick from Deutsche Bank. We assume no obligation to update them. Chris Vonderhaar, who was leading AWS massive global data center fleet, is no longer with the $85 billion cloud giant. Click here to return to Amazon Web Services homepage, AWS Firewall Manager now supports Palo Alto Networks Cloud Next Generation Firewalls. We delivered total billings of $2.26 billion, up 26% and above the high end of our guidance range. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. As we started this fiscal year, we pivoted our efforts and focused our effort on doing more with less. AWS Deployment Guide - Single VPC Model - Palo Alto Networks Feb 22, 2023 Details the deployment of the Centralized design model. Cloud NGFW for AWS 13292 KB 1 Like Share This guide describes deploying the VM-Series firewalls in order to provide protection and visibility for traffic flowing through the transit gateway. Our MTTR was in days, which, in today's adversarial environment, is unacceptable. So, I think that is going to become an obvious benefit of generative AI. Learn more at Rackspace.com. You know, we scale well as a company, right? Step 4: Create an instance. PaloAltoNetworks/aws-alb-sandwich - GitHub With Palo Alto Networks and AWS, you can take advantage of the broadest set of integrated cloud security solutions on the market, ensuring that security and compliance are properly implemented and continuously maintained throughout your journey to the cloud. We process over 3.5 petabytes of data a day across the customer state of XDR and XSIAM. Nikesh Arora -- Chairman and Chief Executive Officer, Good day, everyone, and welcome to Palo --. This Terraform module sets up the following: * The template that deploys the Terraform module into an existing VPC skips the components marked by asterisks and prompts you for your existing VPC configuration. choices: You can move corporate applications to the cloud, launch additional web servers, Customers are taking longer. Together, Amazon Web Services (AWS) and Palo Alto Networks provide the broadest set of integrated security capabilities, whether an organization is just beginning its cloud journey or modernizing applications using cloud native technologies. Cortex XSIAM; Cortex XDR; Cortex XSOAR; Cortex Xpanse; Cortex Developer Docs; Pan.Dev; PANW TechDocs; Customer Support Portal I can go spend $30 million, $40 million, $50 million deploying LLM and saving half my cost. Illustrating this, we saw a significant uptick in customer requests to evaluate our virtual firewall offerings at the beginning of the pandemic. We have had the benefit of higher interest rates. Great. - edited on He was promoted to vice president of infrastructure forecasting, planning and Amazon corporate systems in 2017, responsible for data center capacity planning, real estate sourcing and service delivery for AWS and Amazon product teams. Once configured, Firewall Manager will automatically provision Palo Alto Networks Cloud NGFWs and alert you of any changes to the firewall that are inconsistent with your intended security posture. At the same time, we continue to stay ahead of the industry's need for new capabilities, which is core to our commitment as a platform. This guide explains how to configure cloud NGFW in AWS, enabling the users to utilize the benefits of Palo Alto Networks next-generation - 477001. This guide explains how to configure cloud NGFW in AWS, enabling the users to utilize the benefits of Palo Alto Networks next-generation firewall as a service. I just also mentioned cloud hosting and cloud consumption. Supported browsers are Chrome, Firefox, Edge, and Safari. We expect NGS ARR to be in the range of $2.80 billion to $2.85 billion, an increase of 48% to 51%. Could you please explain the issue and challenges you are facing? You know, if you're a travel booking operator or something that just takes other people's data and makes a better UI, you have something to worry about. 1 market share position virtual firewalls, we are the only vendor with clear leadership across zero trust network security. Secondly, if you're in the security business, it definitely helps if you have the largest data lake in the world who have security data. I think there's two different parts of it. prepare your VPC for different subnets, and create an AWS instance with a Palo Alto Networks documentation portal When it comes to the shared responsibility model, customer data is the primary concern. Next question is from Matt Hedberg at RBC, followed by Gabriela Borges at Goldman. A strong balance sheet allows us to accommodate customers, while we maximize our medium-term cash flow. Yeah. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. I think one part is us using AI already in our products where we have been using it for a while to look at pattern recognition, look at what is telling us from a real-time analysis of data perspective. And so, in all of the XSIAM deployments we're seeing, it's amazing how quickly we're seeing the outcomes that we saw in our own SOC when we deployed and operationalized XSIAM. Deployment Guide - Palo Alto Networks Prior to AWS, Vonderhaar was a top executive for Level 3 Communications from 1998 to 2008, where he was vice president of customer media operations. your users access these applications. At the same time, we're also delivering on the latest acquisition of cybersecurity, where we expect that to become a new module in the next couple of months available to all of our Prisma Cloud customers. The Palo Alto Networks product portfolio comprises multiple separate technologies working in unison to prevent successful cyberattacks. AWS and Palo Alto Networks . Customer First. So, it's very clear that there is sensitivity there. And our conversion rates on our pipeline are down. You all might remember, at the beginning of this fiscal year, as part of our scaling efforts, we combined our SASE sales organization into our core sales organization. On the left-hand side, search for Paloalto -> Select VM-Series Next-Generation Firewall Bundle 2. And if some of the large players out there end up committing missteps, then we'll go take a look at it. Great. Dipak Golechha -- Chief Financial Officer. This website uses cookies essential to its operation, for analytics, and for personalized content. The -- and so I think what we'll see is the enterprise use cases of LLMs will evolve a little bit more -- actually, they need to evolve a little bit more methodically and carefully to take these security challenges into account. We also talked about streamlining sales forces. We are on track to launch our 11th module as we integrate cybersecurity. What did you want -- can you discuss --. On the back of our hard work driving these capabilities, we have built Cortex business to over $1 billion in bookings over the last 12 months, as I mentioned. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. - edited on XSIAM represents another significant opportunity within Cortex as we fulfill our vision around autonomous security operations. Palo Alto Networks VM-Series Virtualized Next -Generation Firewalls protect your AWS workloads with next-generation . With this release, customers will now have a single firewall management solution to deploy and manage both AWS native . We are well ahead of schedule here, and we're not done. Adam, I think there's two parts to it. Yeah. Thanks, Gabriela. Next question is from Hamza Fodderwala from Morgan Stanley, with Brian Essex from J.P. Morgan on deck. Yeah. Terraform provider inconsistencies and issues with IAM role tags, Cloud NGFW for AWS: Distributed Model (Outbound Traffic Flow), Cloud NGFW for AWS: Distributed Model (Inbound Traffic Flow). The overall macro trends of cautious spending, deal scrutiny, and cost and value consciousness persist. Let's talk about the macro environment. But, you know, we were at RSA last month, and while there's a lot of opportunity around AI, did there seem to be a lot of risks around data security, around sort of the data that these models are trained on. In the public subnets, elastic network interfaces attached to VM-Series. Yeah. But you can achieve a strong posture using these cloud security best practices and tips for automated, continuous monitoring. This guide is not sufficient to deploy E2E . Next question is from Andy Nowinski from Wells Fargo, followed by Matt Hedberg from RBC. We now have one in five of our Prisma Cloud customers using our cloud code module across our capabilities and infrastructure as code, SCA or software composition analysis, and secrets management as they leverage the more efficient approach to detect and remediate security issues as code is written for cloud applications before it reaches production. Under a centralized deployment model, Firewall Manager will apply the Palo Alto Networks global rulestack configuration on firewall endpoints in an inspection VPC for centralized traffic inspection. Q3 cash flow from operations was $432 million, with total adjusted free cash flow of $401 million this quarter. Of course, I can. After our GA launch in late Q1, our design partners made significant commercial commitments to XSIAM. You know, there are multiple other factors but do recognize that when we came into the year, the interest rates were at a different level. AWS edge-to-cloud tech aids organizations after weather disasters As we continue to execute our plans, we see additional opportunities for efficiency. AWS Firewall Manager is a security management service that acts as a central place for you to configure and deploy firewall rules across accounts and resources in your organization. I would like to follow up with you on this. The following images provide some examples of this test: By using the steps in this post, you can deploy and provision a Palo Alto firewall on Second, a Japan-based technology company signed an eight-figure transaction to modernize its network and its network security after an extensive POC. In addition, AWS this year unveiled plans to invest $6 billion in data centers in Malaysia. Learn how AWS and Palo Alto Networks have partnered to provide a single, integrated, cloud-native security solution that delivers better protection and enables a DevSecOps approach. 2023 Palo Alto Networks, Inc. All rights reserved. By continuing to browse this site, you acknowledge the use of cookies. Create four new subnets: Management, Inside, Outside, and DMZ. The Cloud NGFW for AWS is Palo Alto Networks Next-Generation Firewall (NGFW) delivered as a cloud-native service on AWS. Moving on to geographies. Level 3 was later acquired by CenturyLink. Can I imagine a sales rep at Palo Alto having access to their fingertips about all Palo Alto information? We had a signature release in SASE that included AI-powered autonomous digital experience management, in addition to leveraging AI for SD-WAN, as well as AI-powered phishing prevention. Click here to return to Amazon Web Services homepage, A highly available architecture that spans two Availability Zones. Learn how the combined power of AWS and Palo Alto Network can enhance your visibility, threat detection, and response time. In addition, we do not select XSIAM without our endpoint products. So, you know, as you probably appreciate, there's no magic in the world around the fact that our quarter-end on July 31st, there's no budget year-end for any part of the world on July 31st. We will also refer to non-GAAP financial measures. *Stock Advisor returns as of May 22, 2023. Thank you. This form is the foundation how we do better security across our network security platforms. You must specify the security VPC and Firewall subnet (s) when creating the Cloud NGFW. The Cloud NGFW for AWS is Palo Alto Networks Next-Generation Firewall (NGFW) delivered as a cloud-native service on AWS. secure connectivity from your AWS deployment to your data center, outbound to the web, or for VPC-to-VPC communications. *Average returns of all recommendations since inception. Enterprises require consistent security in the cloud without Supported browsers are Chrome, Firefox, Edge, and Safari. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. And that gap is something we've been -- we built this product to try and fill. For Policy type, choose Palo Alto Networks Palo Alto Networks Cloud NGFW. 03-30-2022 To deploy the firewall out-of-band for application visibility. Current Version: 9.1 Table of Contents Filter VM-Series on ESXi System Limitations Perform Initial Configuration on the VM-Series on ESXi Use VMware Tools on the VM-Series Firewall on ESXi and vCloud Air Use vMotion to Move the VM-Series Firewall Between Hosts Use the VM-Series CLI to Swap the Management Interface on ESXi VM Monitoring on vCenter
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