Palo Alto Networks reports Q4 revenue up 34% YoY to $3.41B, vs. $3.35B est., and acquires Console, which provides AI-powered IT service management (Samantha Subin/CNBC)

Palo Alto Networks reported fourth-quarter revenue of $3.41 billion, a 34% year-over-year increase that slightly exceeded the $3.35 billion consensus estimate. The company also announced the acquisition of Console, a platform that delivers AI-driven IT service-management capabilities.