Tue Sep 9, 2014 5:21pm EDT
(Corrects date to become able to Sept 9 via Sept cool
Sept 9 (Reuters) - security computer software maker Palo Alto Networks Inc forecast current quarter gain and income above analysts' typical estimate as businesses look for you to secure their own information along with networks from hackers.
Palo Alto Networks, whose shares were up 4.2 percent in extended trading, in addition reported better-than-expected quarterly revenue.
The company, which in turn sells firewalls that stop information breaches and also block malware and viruses, stated it expects profit regarding regarding 12 cents per share as well as revenue http://earsplittingide75.blox.pl/2014/08/The-Key-Reasons-Why-You-Should-Look-At-Using-A.html involving $178 million-$182 million for the first quarter ending October.
Analysts on average were expecting a revenue of 12 cents per talk about in income of $173.9 million, according to Thomson Reuters I/B/E/S.
Demand pertaining to Palto Alto's products offers shot up right after high-profile data breach in Goal Corp a year ago and, more recently, from House Depot Inc.
The company's net loss widened in order to $32.1 million, or perhaps 41 cents per share, for your quarter ended July 31 coming from $15.8 million, or even 22 cents for each share, annually earlier.
It earned 11 cents for each share, excluding items, throughout range using analysts' expectation.
Net income jumped 59 % for you to $178.2 million, higher than $161.3 million that will analysts estimated.
The company's shares have got gained about 55 percent this season via Tuesday's close of $89.28. (Reporting simply by Subrat Patnaik along with Soham Chatterjee within Bangalore; Editing by simply http://bigstory.ap.org/article/irs-apologizes-targeting-conservative-groups Joyjeet Das)
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http://www.reuters.com/article/2014/09/09/palo-alto-results-idUSL3N0RA42H20140909
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