(Reuters) – FireEye Inc on Tuesday posted first-quarter revenue and billings better than Wall Street expectations, but forecast revenue and profit for the current quarter below analysts’ estimates.
FILE PHOTO: The FireEye logo is seen outside the company’s offices in Milpitas, California, December 29, 2014. REUTERS/Beck Diefenbach
The company’s first-quarter revenue edged past estimates and excluding items, it lost 3 cents per share, in line with the average consensus, according to IBES data from Refinitiv.
Shares of the cyber security company rose 1 percent in after-market trading.
Cyber security companies have benefited as organizations worldwide ramp up budgets to shield against rising cyber crime. Severe attacks such as a denial-of-service can cripple entire organizations while malware and phishing often target individuals through emails.