(Reuters) - Palo Alto Networks Inc's quarterly revenue jumped 41 percent as spending by companies and governments on cyber security stayed strong after a spate of major attacks in the past few years.
Palo Alto also said its board had authorized a share buyback of up to $500 million.
The company's net loss widened to $54.5 million, or 61 cents per share, in the fourth quarter ended July 31 from $46 million, or 55 cents per share, a year earlier.
Revenue jumped to $400.8 million from $283.9 million.
The company's shares rose 2.5 percent to $147 in extended trading on Tuesday.
(Reporting by Aishwarya Venugopal and Supantha Mukherjee in Bengaluru; Editing by Kirti Pandey)