Palo Alto Networks revenue up 15% to $1.98 bn in third-quarter

Palo Alto Networks, a leading supplier of cyber security solutions, said its revenue for the third quarter ended April 20 grew 15 percent to $1.98 billion.
Palo Alto Networks cyber security solutionsPalo Alto Networks said expects fourth-quarter billings to be between $3.43 billion and $3.48 billion.

Palo Alto now expects annual billings in a range of $10.13 billion to $10.18 billion, compared with prior range of $10.10 billion to $10.20 billion.

Earlier this month, rival Fortinet forecast second-quarter billings below analysts’ estimates.

Palo Alto’s billings for the third quarter came in at $2.33 billion.

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