1457 ET - Palo Alto Networks' AI-driven security platform, Cortex XSIAM, was a strong top line contributor during the company's fiscal 2025 that ended July 31, UBS analysts say in a research note. The platform added $250 million to $300 million of net new annualized recurring revenue, numbers that suggest the company's overall next-generation security division would have been flat to modestly down for the year had it not been for XSIAM. Looking to the fiscal year ahead, XSIAM will need to continue growing as a percentage mix of the company's net new annualized recurring revenue stream, the analysts say. Shares rise 3.9% to $183.01. (dean.seal@wsj.com)
(END) Dow Jones Newswires
August 19, 2025 14:58 ET (18:58 GMT)
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