This cloud-based firm provides a range of IT security tools to companies, including firewalls and anti-virus technology
The stock jumped 12% after hours as Zscaler reported better-than-expected results. Zscaler earned 25 cents per share, on a non-GAAP basis, beating consensus estimates of 20 cents per share, according to Refinitiv. Revenue came in at $318 million, outpacing forecasts of $305 million.
“Our customers are realizing immense value from the new, innovative services and advanced capabilities being integrated into our zero trust security platform,” Jay Chaudhry, chairman and chief executive officer of Zscaler, said in [a statement].
“Despite the uncertain macroeconomic landscape which continues to evolve, we continue to see favorable demand for our zero-trust exchange platform because it makes businesses more secure, simplifies IT and reduces cost.”