Zscaler Gets New CFO, Boosts Money Forecast

Okay, so big news from Zscaler! They just hired Kevin Rubin as their new money guy, like, the chief financial officer. And guess what? They're also expecting to make way more money this year than they thought. It's all because companies are spending bigger bucks on protecting themselves online, which makes sense with all the scary stuff out there.

Their stock even went up a bunch after they shared the news! Kevin used to work at this mental health company called BetterUp before coming over to Zscaler, taking over for Remo Canessa who retired back in December.

With all the cool but also kinda risky generative AI stuff popping up, it's super important for businesses not to lose their important data. That's why companies are paying good money for security services, which is great for places like Zscaler that have products to help with that, even some cool AI-powered ones.

So, they used to think they'd make between $2.640 billion and $2.654 billion this year, but now they're saying it'll be more like $2.659 billion to $2.661 billion. The folks who keep track of this stuff, the analysts, were expecting around $2.649 billion, so Zscaler is doing even better than expected!

And on top of that, they think they'll earn more per share too, like $3.18 to $3.19 instead of the $3.04 to $3.09 they thought before. For the last few months, up to April 30th, Zscaler actually made $678 million in revenue. The analysts thought it would be less, about $666.4 million. And their earnings per share were 84 cents, which is also better than the 75 cents the analysts were guessing. Pretty awesome, huh?