04:41 PM EDT, 08/19/2024 (MT Newswires) -- Palo Alto Networks ( PANW ) late Monday reported a surprise increase in fiscal fourth-quarter earnings as the cybersecurity firm's revenue came in stronger than expected.

Adjusted per-share earnings rose to $1.51 for the three months through July 31 from $1.44 a year earlier, beating the consensus on Capital IQ of $1.41. Revenue gained 12% to $2.19 billion, above analysts' $2.16 billion estimate.

Palo Alto's stock was up 3.6% in after-hours trade.

Subscription and support revenue advanced to $1.71 billion from $1.45 billion in the 2023 quarter, while product sales fell to $480.5 million from $507.4 million.

Palo Alto forecasts fiscal 2025 adjusted EPS between $6.18 and $6.31, which would reflect year-over-year growth of 9% to 11%. The consensus is for $6.19. Revenue is pegged from $9.1 billion to $9.15 billion, compared with Wall Street's view of $9.11 billion.

For the ongoing quarter, the company anticipates reporting adjusted EPS of $1.47 to $1.49 a share on revenue of $2.1 billion to $2.13 billion. The Street is looking for $1.42 and $2.1 billion, respectively.

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