Zscaler Gets New CFO, Raises Forecast as Cybersecurity Demand Soars

Guess what? Zscaler, you know, the cloud security folks, just got a new money guy! His name is Kevin Rubin, and he used to be the finance boss at a company called BetterUp that helps with mental health stuff. He's taking over for Remo Canessa, who said goodbye back in December.

This news must be kinda big, because Zscaler's stock, the one you see as ZS.O, went up almost 5% after the market closed. That's pretty cool, right? They also said they think they'll make more money this year than they first thought. They're now looking at maybe $2.659 billion to $2.661 billion in revenue for their fiscal year 2025. Before, they were predicting a bit less, $2.640 billion to $2.654 billion.

Why the good vibes? Well, it seems like businesses are really spending more dough on keeping their computer stuff safe. With all the fancy AI out there now, there's a bigger chance of important data getting lost or stolen. So companies need strong ways to protect their information. This means places like Zscaler, who sell products that help with data protection and use AI for security, are doing pretty well.

Speaking of doing well, Zscaler's latest report for the three months ending April 30th looked good too. They brought in $678 million in revenue, which was more than the money people who watch the stock market thought they would. They were expecting around $666.4 million. And for how much they earned per share, they hit 84 cents, which is better than the 75 cents the experts figured.

So, it kinda sounds like Zscaler is feeling pretty good about things right now, especially with more companies needing serious cybersecurity help. It makes you think, how much are businesses really willing to spend to keep their stuff safe these days?