
Zscaler, Inc. ($ZS) reported its quarterly earnings, revealing a revenue of $627.96 million, a 26.42% increase year-over-year, surpassing analyst expectations by $21.77 million. The company also posted earnings per share (EPS) of $0.77, which exceeded forecasts by $0.14 and marked a 40% year-over-year increase. However, concerns arose regarding the company's future guidance, which was perceived as underwhelming by investors, particularly following the announcement of the retirement of its Chief Financial Officer. In a recent analyst call, CEO Jay Chaudhry emphasized Zscaler's commitment to enhancing its cybersecurity offerings through integration with competing platforms and the introduction of generative AI upsells, aiming to drive growth in upcoming quarters. Despite the strong Q1 results, the mixed outlook for Q2 and the CFO's departure have contributed to a decline in Zscaler's stock performance.
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