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IT

Palo Alto sees higher Q3 after lower-than-expected revenues in Q2

Tuesday 25 February 2020 | 09:19 CET | News
Palo Alto Networks approved a USD 1 billion accelerated share buyback transaction after reporting a mixed set of results for its fiscal second quarter to end January. Revenues came under forecast, even though they rose 15 percent year-on-year to USD 816.7 million, but adjusted diluted earnings per share went higher than expected to USD 1.19, off from the year before's 1.51. The company had guided for revenues of USD 838-848 million and adjusted diluted EPS at USD 1.11-1.13.

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