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Palo Alto Networks Reports 1Q14 Earnings

For the first quarter of fiscal 2014, Palo Alto reported revenue fo $128.2 million which is a 49 percent year-over-year gain. Looking forward, the company provided second quarter guidance for revenue to be in the range of $132 million to $136 million, which translates into a 37 percent to 41 percent year-over-year gain.

"Q1 was a strong start for our fiscal 2014," McLaughlin said. "Our results continue to prove that our next-generation enterprise security platform is quickly becoming the mainstream market choice for enterprises around the world."

Read the full story at Enterprise Networking Planet:
Palo Alto Networks Benefitting from Cisco Sourcefire Acquisition

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.