Sept 4 (Reuters) - Cybersecurity firm Palo Alto Networks reported better-than-expected quarterly revenue on Wednesday, helped by strong demand in its cloud security business.
Separately, the company said it will acquire Zingbox, an IoT security provider, for $75 million in cash.
Total revenue rose 22.4% to $805.8 million in the fourth quarter ended July 31. Analysts were expecting $802.4 million, according to IBES data from Refinitiv.
The company reported a net loss of $20.8 million, or 22 cents per share, compared to a profit of $7 million, or 7 cents per share, a year earlier. (Reporting by Ayanti Bera in Bengaluru; Editing by Shailesh Kuber)