For the quarter, Palo Alto reported revenue of $192.3 million for a 50 percent year-over-year gain. The company however still isn’t making a profit and reported a GAAP net loss in the quarter of $30.1 million which is an increase over the $7.9 million net loss reported for the first quarter of fiscal 2014.
Looking forward, Palo Alto provided second quarter fiscal 2015 guidance for revenue to be in the range of $200 to $204 million.
Palo Alto CEO Mark McLaughlin noted during his company’s earnings call with financial analysts, that the first quarter 2015 results reflect the power of Palo Alto’s land and expand strategy.
Read the full story at Enterprise Networking Planet:
Palo Alto Land and Expand Strategy for Network Security Pays Off
Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.