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Palo Alto buys new cloud security firm, sees higher revenues ahead after lower-than-expected Q1

Tuesday 26 November 2019 | 09:35 CET | News
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Palo Alto Networks reported lower than expected results for its fiscal first quarter to end October, though revenues did rise 18 percent from the year before to USD 771.9 million and are expected to go higher looking ahead. The net loss widened to USD 59.6 million or USD 0.62 per diluted share, from a loss of 38.3 million and 0.41 per diluted share. The adjusted net profit weakened to USD 104.8 million or USD 1.05 per diluted share, form 115.4 million and 1.17 per share.

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Categories: Internet / IT
Companies: Palo Alto Networks
Countries: World
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