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CORRECTED-Palo Alto Networks posts 27 pct rise in quarterly revenue
August 31, 2017 / 8:17 PM / in 4 months

CORRECTED-Palo Alto Networks posts 27 pct rise in quarterly revenue

(Corrects paragraph 2 to say net loss widened. Also corrects year-ago net loss figures in the same paragraph)

Aug 31 - Palo Alto Networks Inc reported a 27 percent rise in quarterly revenue as the cybersecurity company added more customers to its cloud-based security services.

The company’s net loss widened to $38.2 million, or 42 cents per share, in the fourth quarter ended July 31, from $31.4 million, or 35 cents per share, a year earlier.

Revenue rose to $509.1 million from $400.8 million. (Reporting by Laharee Chatterjee and Arjun Panchadar; Editing by Martina D‘Couto)

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