Palo Alto Networks (NASDAQ: PANW) shares were trading more than 5% higher after-hours following the company’s reported Q2 results, with EPS of $1.74 coming in better than the consensus estimate of $1.64. Revenue grew 30% year-over-year to $1.3 billion, compared to the consensus estimate of $1.28 billion.

According to Nikesh Arora, Chairman and CEO of Palo Alto Networks, the company continued to benefit from strength across its three security platforms, due to strong cybersecurity demand, organizations architecting for hybrid work and hyperscale cloud footprints growth.

The company expects Q3/22 EPS in the range of $1.65-$1.68, compared to the consensus estimate of $1.63, and revenue in the range of $1.345-1.365 billion, compared to the consensus estimate of $1.35 billion.

For the full 2022-year, the company expects EPS of $7.23-$7.30, compared to the consensus estimate of $7.23, and revenue of $5.425-5.475 billion, compared to the consensus estimate of $5.39 billion.