Zscaler Gets New CFO, Raises Forecast

So, big news in the tech world! Zscaler, you know, the cloud security company, just got a new head honcho for their money stuff. They named Kevin Rubin as their chief financial officer. Cool, right?

This all happened Thursday, and get this, they also bumped up how much money they think they'll make this year. Why? Because businesses are dropping more cash on keeping their computer networks safe from all the tricky online bad guys. It makes sense, with all the fancy AI out there now, there's a bigger chance of losing important data. So yeah, protecting that data is a big deal, and companies like Zscaler, who offer protection and even some AI-powered security, are doing well.

Rubin was actually the money guy over at a mental health startup called BetterUp before coming to Zscaler. He's taking over from Remo Canessa, who retired back in December. Zscaler's shares even went up almost 5% in trading after the news came out.

Now, about those numbers. Zscaler is now saying they'll bring in between $2.659 billion and $2.661 billion for the fiscal year 2025. That's more than they thought before, which was $2.640 billion to $2.654 billion. Loads of analysts expected around $2.649 billion, so Zscaler is looking good.

And for earnings, they're thinking they'll make between $3.18 and $3.19 per share on an adjusted basis. Their old guess was $3.04 to $3.09 a share. They also shared their results for the quarter ending April 30th. They made $678 million in revenue, which was more than the $666.4 million analysts thought they would. And their adjusted earnings per share for the quarter? 84 cents! People were only expecting 75 cents. Pretty impressive, right?