Strong Growth in Revenue and ARR: Palo Alto Networks reported Q4 revenue of $2.54 billion, growing 16% YoY, and product revenue grew by 19%. Next-Generation Security (NGS) Annual Recurring Revenue (ARR) reached $5.58 billion, up 32% YoY, highlighting a solid demand for their software solutions, especially in software firewalls and SASE.

Record Performance in Bookings and RPO: The company marked its highest bookings growth in 2.5 years, driven by significant platformization deals and strong renewals. Remaining Performance Obligation (RPO) grew 24% YoY, reaching $15.8 billion, with current RPO at $7.0 billion, growing 17%.

Expanded Operating Margins and Free Cash Flow: Operating margins expanded by 340 basis points in Q4, reaching above 30% for the first time in the company's history. The diluted non-GAAP EPS was $0.95, exceeding expectations. Free cash flow was robust at $3.5 billion, maintaining a margin of 38%.