(Boursier.com) — Palo Alto Networks, the Californian group specializing in network services, climbed before the stock market on Wall Street. The group reassured by its latest accounts, exceeding market expectations for the first fiscal quarter just ended. Adjusted earnings per share were $0.83, versus a consensus of $0.68 and a level of $0.55 a year earlier. Quarterly revenue totaled $1.56 billion in the period ending October, beating consensus by about 1%. A year earlier, revenues were 1.25 billion. The cybersecurity group therefore stands out again, posting 24% growth in quarterly revenue. Palo Alto confirmed its fiscal second quarter revenue forecast and raised its profit guidance.
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