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Zscaler, a cybersecurity firm, has announced the retirement of its Chief Financial Officer (CFO), Remo Canessa, after eight years in the role. This news came during a recent earnings call, where the company also raised its annual revenue forecast. However, Zscaler's guidance for the upcoming quarter was perceived as underwhelming by investors, contributing to a decline in its stock price, which has been notable in contrast to the broader rally in the software sector throughout 2024. CEO Jay Chaudhry emphasized the company's strategy of integrating with competing platforms such as CrowdStrike and leveraging generative AI capabilities to drive future growth.
.@Zscaler plays platformization game amid strong Q1, mixed outlook for Q2 https://t.co/miu6RDAr2p @JayZscaler CEO of Zscaler, said the company's integration w/ competing cybersecurity platforms like @CrowdStrike, genAI upsells and new executive additions will fuel growth in… https://t.co/LBSwvo4N8X
.@Zscaler plays platformization game amid strong Q1, mixed for Q2 https://t.co/cVEk2alSDC @JayZscaler CEO of Zscaler, said the company's integration w/ competing cybersecurity platforms like @CrowdStrike, genAI upsells new executive additions will fuel growth in future quarters
Zscaler's In-line Revenue Guidance Underwhelms Investors. CFO Retiring. https://t.co/PB5XCbK6mz
