From Nasdaq: 2024-06-10 09:32:00

Palo Alto Networks (PANW) expands regionally-hosted cloud services in Indonesia to meet regulatory requirements. New cloud location allows local customers to access cloud products, including Prisma Cloud and Cortex XDR. Indonesian cloud market projected to reach $4.21 billion by 2029, attracting industry giants like Alphabet, Amazon’s AWS, and Microsoft.

With the rise in cloud dependency in Indonesia, PANW capitalizes on cloud security needs. Indonesian government issues data protection law, prompting need for local cloud facilities. PANW gains competitive advantage with local cloud presence, meeting local data residency needs and offering cyber-threat prevention to companies using cloud services locally.

PANW expects revenue growth from expanding cloud services in developing nations like Indonesia. Company benefits from continuous deal wins, product innovation, and strong quarterly performances. PANW anticipates revenue range of $7.99-$8.01 billion for fiscal 2024, with a 16% year-over-year growth. Download free report on Bitcoin Profit Phenomenon for potential investment opportunities.

Palo Alto Networks further solidifies position in Indonesian cloud market, achieving top line growth and competitive edge. Expansion in cloud services enables PANW to meet growing demand for cloud security in Indonesia, benefiting from increased cloud reliance and data protection measures. PANW’s strategic moves position it for long-term success amidst evolving cybersecurity landscape.



Read more at Nasdaq: Palo Alto (PANW) Expands Its Regionally-Hosted Cloud Services