Palo Alto Networks' revenue jumps as subscriptions rise

Reuters News
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Posted: Nov 25, 2013 4:51 PM
Palo Alto Networks' revenue jumps as subscriptions rise

(Reuters) - Security software maker Palo Alto Networks's quarterly revenue jumped 49 percent as subscriptions rose, sending its shares up 8 percent in extended trading.

The company's net loss increased to $7.9 million, or 11 cents per share, in the first quarter ended October 31, from $3.5 million, or 5 cents per share, a year earlier. Excluding items, the company earned 8 cents per share

Revenue rose to $128.2 million from $85.9 million.

Palo Alto Networks sells firewalls that prevent data breaches and block malware and viruses.

(Reporting By Aditya Kondalamahanty in Bangalore; Editing by Saumyadeb Chakrabarty)