Palo Alto Networks delivers strong Q1

Summary:Palo Alto Networks CEO Mark McLaughlin said in a statement that its next-gen network security platform continues to become a "mainstream market choice" for enterprises.

Palo Alto Networks, which makes network security software and gear, delivered a strong first quarter as it added more than 1,000 new customers.

The company reported first quarter loss of $7.9 million, or 11 cents a share, on revenue of $128.2 million, up 49 percent from a year ago. Palo Alto reported a non-GAAP first quarter profit of $6.2 million, or 8 cents a share.

Wall Street was expecting a non-GAAP profit of 7 cents a share on revenue of $120.8 million.

Palo Alto CEO Mark McLaughlin said in a statement that its next-gen network security platform continues to become a "mainstream market choice" for enterprises.

Palo Alto has been in an intellectual property battle with Juniper Networks. Juniper has sued Palo Alto Networks for patent infringement. A pretrail hearing was recently held with a trial expected in early 2014. 

palo alto q1

 

 

 

Topics: Security, Networking

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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