Dec 6 Security software maker Palo Alto Networks
, which went public in July, reported a 50 percent rise
in first-quarter revenue, beating Wall Street expectations, on
the back of continued demand for security software.
Palo Alto Networks, which sells firewalls that prevent data
breaches and block malware and viruses, said on Thursday that
revenue was $85.9 million in the quarter, which ended Oct 31.
It said net income was $2.6 million, or 4 cents per share.
Analysts, on average, had expected the company to report
earnings per share of 3 cents on revenue of $83.7 million