Reported about 9 hours ago
Palo Alto Networks reported a fiscal third-quarter revenue of $2.29 billion, a 15% increase year-over-year, exceeding analysts' expectations, largely due to a 34% rise in annual recurring revenue from its next-generation security services. The adjusted net income also rose to $560.9 million or 80 cents per share, outperforming the previous year's figures. Looking ahead, the company forecasts adjusted earnings per share between 87 and 89 cents with projected revenue slightly ahead of market expectations.
Source: YAHOO