Excluding items, the company expects full-year net income
per share in the range of $3.97 and $4.03, compared with its
previous forecast of $3.37 and $3.44.
The company maintained its earlier full-year revenue
forecast of $6.85 billion to $6.91 billion.
(Reporting by Vansh Agarwal in Bengaluru; Editing by Shinjini
Ganguli)
(Adds details from results, share movement)
Feb 21 (Reuters) - Palo Alto Networks Inc raised its full-year profit forecast on Tuesday as spending on
cyber-security products stays strong in the face of a turbulent
economy, sending its shares up about 5.5% in trading after the
bell.
A rise in cyberattacks and the growing digital presence of
businesses and governments have ensured strong demand for
software from cybersecurity companies such as Palo Alto
Networks, even as rising interest rates and high inflation weigh
on technology budgets.
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