February 28, 2017 / 11:12 PM / 5 months ago

Cybersecurity firm Palo Alto's revenue rises 26.3 pct

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Feb 28 (Reuters) - Cybersecurity company Palo Alto Networks Inc reported a 26.3 percent rise in quarterly revenue, helped by higher subscriptions of its cloud-based security services.

The company's net loss widened to $60.6 million, or 67 cents per share, for the second quarter ended Jan. 31, from $57.3 million, or 66 cents per share, a year earlier.

Revenue of the company, which serves more than 35,000 customers worldwide, rose to $422.6 million from $334.7 million. (Reporting by Laharee Chatterjee in Bengaluru)

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