Palo Alto beats quarterly income estimates


(Information) – Cybersecurity agency Palo Alto Networks Inc on Monday reported higher-than-expected quarterly income.

Income rose 18% to $771.9 million within the first quarter ended Oct. 31, beating analysts’ expectations of $767.eight million, in line with IBES information from Refinitiv.

Web loss widened to $59.6 million, or 62 cents per share, from $38.three million, or 41 cents per share, a 12 months earlier.

(This story corrects headline and paragraph 1 and a couple of to say Palo Alto beat, not missed, income estimates; drops reference to shares and cause in paragraph 1)

Reporting by Chinmay Rautmare in Bengaluru; Enhancing by Amy Caren Daniel