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Palo Alto Networks beats on earnings and announces acquisition of Crypsis Group

Palo Alto Networks beats on earnings and announces acquisition of Crypsis Group

Palo Alto Networks reported Q4 loss of $58.9mn, compared with a loss of $20.8mn, in the year-ago period. Revenue rose to $950.4mn from $805.8mn in the year-ago quarter. Analysts had forecast earnings of $1.39 a share on revenue of $924mn. The company announced acquisition of Crypsis Group for $265mn in cash to support its Cortex XDR platform, and expects the transaction to close in the fiscal Q1.

Milan
Milan
Top in Business