(Reuters) – Cybersecurity company Palo Alto Networks Inc reported a 28% jump in quarterly revenue on Wednesday, boosted by the strong growth in the cloud security business.
The net loss narrowed to $20.2 million, or 21 cents per share, in the third quarter, ending on 30 April from € 40.4 million, or 44 cents per share, a year earlier.
The total turnover rose to $726.6 million from $567.1 million.
Separately, the company said it would buy Israel-based cybersecurity companies twist-lock for $410 million in cash and PureSec for an undisclosed amount.
Reporting by Akanksha Rana in Bengaluru; Editing by Sriraj Kalluvila