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According to a Fortune Business Insights report, the global cyber security market is estimated to grow at 13% CAGR to reach $281.74 billion by 2027 from $112 billion last year. The verdict is still out as to how will the recent global crisis impact the industry. San Francisco-based Proofpoint (PFPT) recently announced its first quarter results that surpassed market expectations for the quarter.
Proofpoint's Financials Proofpoint's Q1 revenues grew 23% over the year to $249.8 million, ahead of the market's forecast of $245.5 million. EPS of $0.38 was also significantly better than the market's forecast