Zscaler Gets New CFO, Boosts Forecast Amid Cybersecurity Push

Get this, Zscaler, you know, the cloud security guys, just made a cool move. They brought on Kevin Rubin as their new money boss, the chief financial officer. And guess what? They also upped their forecast for how they'll do this year. It totally makes sense, right? Businesses are spending way more on cybersecurity stuff these days. With all the crazy online threats out there, and now with AI getting so popular, protecting data is a super big deal.

So, obviously, companies like Zscaler are seeing a boost in sales. Their shares even jumped almost 5% after hours! Kevin's taking over from Remo Canessa, who retired back in December. Before this, Kevin was the finance chief at a mental health startup called BetterUp. Seems like a interesting switch!

For this year, they're now thinking revenue will be somewhere between $2.659 billion and $2.661 billion. That's a bit higher than what they thought before, which was $2.640 billion to $2.654 billion. Most analysts were betting on $2.649 billion, so Zscaler's looking pretty good there. Also, they're expecting to make between $3.18 and $3.19 per share adjusted, up from their earlier guess of $3.04 to $3.09.

And the latest results? For the three months ending April 30th, they totally crushed it. They brought in $678 million, beating the analysts' average guess of $666.4 million. And for adjusted earnings per share, they hit 84 cents. Analysts were only expecting 75 cents. Not too shabby, right? It just goes to show how important staying safe online is these days. Maybe you should think about how your business is protecting its data?