What happened Shares of Palo Alto Networks (NASDAQ: PANW) climbed 9.7% on Friday after the cybersecurity leader reported impressive sales growth metrics and raised its full-year profit projections. So what Palo Alto Networks' revenue rose 29% year over year to $1.4 billion in its fiscal 2022 third quarter, which ended on April 30. CEO Nikesh Arora said during a conference call with analysts that "increased macroeconomic volatility and geopolitical uncertainty" were boosting demand for effective cybersecurity solutions. The company's billings -- a key metric that includes subscription and support sales – surged 40% to $1.8 billion.
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