Palo Alto Networks Inc. stock jumped more than 10% in early trading Wednesday after the cybersecurity company beat expectations with strong second quarter results and raised its profit forecast.
"We have become more focused on efficiency from early this year," he told analysts, saying headcount growth would be lower than in any of the past three years."At the same time, we do not anticipate slowing down the pace of our development or business outcomes." Palo Alto Networks posted net income of $84.2 million, or 25 cents per diluted share in Q2, compared to a net loss of $93.5 million, or 32 cents per diluted share, for the corresponding period last year.
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