Zscaler Gets New CFO, Boosts Forecast

Hey, so get this: Zscaler, you know, the cloud security company, just got a new money guy. His name's Kevin Rubin, and he used to be the finance chief over at a mental health startup called BetterUp. He's taking over from Remo Canessa, who said goodbye back in December.

Turns out, Zscaler is doing pretty good! They even upped how much money they think they'll make this year. Why? Well, businesses are spending more on keeping their stuff safe online, especially with all the fancy new AI stuff out there making things a bit trickier with data.

These companies are really stepping up their game when it comes to protecting their info, and that's good news for companies like Zscaler. They offer services to keep your data safe and even have security products powered by AI.

For this year, they're now thinking they'll bring in between $2.659 billion and $2.661 billion. Before, they thought it would be more like $2.640 billion to $2.654 billion. So that's a decent jump! Analysts were predicting around $2.649 billion, so Zscaler is looking good there.

And for how much they expect to earn per share this year, it's looking like $3.18 to $3.19, which is better than their old guess of $3.04 to $3.09. In their last quarter, which ended in April, they actually made $678 million in revenue. That's more than the $666.4 million analysts thought they would make. They also earned 84 cents a share, beating the 75 cents analysts predicted. Pretty sweet, huh?