(AOF) – Palo Alto Networks, a specialist in network security, has unveiled better than expected prospects. In the fourth quarter, ending July, of fiscal 2023, the group posted net profit of $227.7 million, or 64 cents per share, compared with profit of $3.3 million, or 1 cent per share. action, a year earlier. Excluding exceptional items, its earnings per share amounted to 1.44 dollars, exceeding the consensus by 15 cents. Revenue increased 26% to $2 billion.
These good results are accompanied by annual objectives that exceed expectations for the technology firm.
It is targeting revenues of between 8.15 and 8.20 billion dollars, representing growth of between 18% and 19%. Wall Street is targeting $8.40 billion. Adjusted earnings per share are expected between 5.27 and 5.40 dollars while the market expects 4.98 dollars.
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