The cybersecurity majors are betting that the enterprise move to autonomous AI agents will speed up platform consolidation. The biggest takeaway may be that securing agentic AI may be a headache initially. However, the destination is clear. Agentic AI will ultimately be secured by cybersecurity agents.
Zscaler delivered better-than-expected second quarter results as the company platform is gaining due to its zero trust architecture and the need to secure AI applications.
CrowdStrike CEO George Kurtz said the company is "on the flight path to our $10 billion ending ARR (annual recurring revenue) goal."
Palo Alto Networks reported better-than-expected second quarter results and indicated that demand was helped by the need for AI-driven cybersecurity and enterprises consolidating platforms.
SentinelOne said its Singularity Platform and Purple AI security analyst can now ingest data from third-party security offerings including Zscaler Zero Trust Exchange platform, Palo Alto Networks Firewall, Okta, Proofpoint TAP, Fortinet FortGate, and Microsoft Office 365.
Jay Chaudhry, CEO of Zscaler, said the company's integration with competing cybersecurity platforms such as CrowdStrike, generative AI upsells and new executive additions will fuel growth in future quarters.
Oracle CTO Larry Ellison hit the stage with AWS CEO Matt Garman to talk about their multicloud partnership and optimizing. Ellison also talked about Oracle's autonomous security efforts to prevent ransomware, identity theft and other attacks.
SentinelOne CEO Tomer Weingarten said the company is seeing "a distinct rise in customer interest and appreciation" for its Singularity Platform following the CrowdStrike outage. Weingarten outlined multiple thoughts about the cybersecurity industry following the CrowdStrike outages
CrowdStrike delivered strong first quarter earnings with revenue growth of 33%.
IBM Consulting will be a big channel for Palo Alto Networks' platform play.
"Sophisticated, AI-driven attacks need a sophisticated response, which is AI-driven," said Mehta.
