Reported October 30: Palo Alto Networks Secures 5-Year ~$1B Contract With Department Of Defense For Software Provision, Expected To Drive Multi-Year Growth Tailwinds
Portfolio Pulse from Benzinga Newsdesk
Palo Alto Networks has secured a significant 5-year contract worth approximately $1 billion with the Department of Defense for software provision. This deal is expected to drive multi-year growth for the company.
October 31, 2024 | 1:07 pm
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Palo Alto Networks has secured a 5-year contract worth approximately $1 billion with the Department of Defense, which is expected to drive significant growth for the company over multiple years.
The $1 billion contract with the Department of Defense is a substantial deal for Palo Alto Networks, likely to enhance its revenue and growth prospects over the next five years. Such a large contract with a government entity also adds credibility and stability to the company's business outlook.
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