Palo Alto Networks: Is The Increased Demand For Cybersecurity Platforms Expected To Last? 

Palo Alto Networks’ Q2 2024 earnings highlight indicate the company’s continued success in executing its profitable growth strategy. The cybersecurity giant achieved significant top-line growth with revenues surging by 19% YoY, the RPO growing by 22%, and billings increasing by 16% YoY. Impressive, non-GAAP operating margins of 28.6% expanded roughly 600 basis points YoY, generating $2.9 billion in adjusted free cash flow on a trailing 12-month basis.