IT Security Firm @PaloAltoNtwks Files S1

Looks like they’ve been growing revenues aggressively and are now turning a profit:

For the fiscal years 2009, 2010, and 2011, Palo Alto Networks saw revenues of $13.4 million, $48.8 million, and $118.6 million, respectively. Sales grew 265% in 2010 and 143% in 2011. For 2009, 2010, and 2011, the company saw losses of $19 million, $21.1 million, and $12.5 million, respectively. For the six month period ended January 31, 2012, Palo Alto saw net income of $4.5 million.

http://techcrunch.com/2012/04/06/security-company-palo-alto-networks-files-for-175-million-ipo/