Zscaler Gets New CFO, Boosts Financial Outlook

Hey, so guess what? Zscaler, the cloud security company, just got a new big boss for their money stuff. They hired Kevin Rubin as their chief financial officer, and get this, he used to be the finance guy at a mental health company called BetterUp. He's taking over from Remo Canessa, who retired back in December. That's a pretty cool move, right?

And speaking of cool, Zscaler also said they think they'll make more money this year than they thought! They raised their forecast because, well, businesses are spending more on keeping their online world safe. With everyone using that fancy AI stuff now, there's a bigger risk of important info getting lost. So, companies are buying more cybersecurity stuff to protect themselves.

Zscaler is one of those companies selling that protection, and they even have products that use AI themselves. Because of this, their sales are going up! They now think they'll bring in somewhere between $2.659 billion and $2.661 billion for the year. Before, they were saying it would be between $2.640 billion and $2.654 billion. So, that's a nice jump!

Analysts, you know, the people who try to predict these things, were expecting something more like $2.649 billion. So Zscaler is actually doing better than even they thought!

And hey, looking at their last few months, from February to April, they made $678 million. The smart folks were only expecting around $666.4 million. They also made 84 cents per share in profits during that time, and the experts thought it would only be 75 cents. So yeah, Zscaler is definitely doing something right! Maybe businesses are really seeing the value in strong online security?