Ai Cybersecurity - GoKawiil

Palo Alto Networks CEO: $1 trillion in old cybersecurity systems need an AI overhaul

Palo Alto Networks CEO Nikesh Arora said businesses worldwide are sitting on roughly $1 trillion worth of outdated cybersecurity systems that can't keep pace with AI-driven attacks. He made the comments after the company posted better-than-expected quarterly earnings and a strong forecast, citing rising demand from firms racing to modernize their defenses.

cnbc.com · 2026-09-01

CrowdStrike Q2 revenue jumps 26% to $1.47B as AI-driven cyber demand surges

CrowdStrike beat Wall Street expectations for its fiscal second quarter, posting adjusted earnings of 31 cents per share and revenue of $1.47 billion, up 26% year over year. Annual recurring revenue climbed 25% to $5.84 billion, and the company swung to net income of $5.3 million from a loss a year earlier. Shares rose more than 11% in after-hours trading following the results and raised guidance.

cnbc.com · 2026-08-26