Zscaler has appointed Kevin Rubin as its new Chief Financial Officer and boosted its revenue forecast for the fiscal year. With businesses increasing spending on cybersecurity amidst rising online threats, Zscaler’s shares surged nearly 5% after this announcement. Rubin takes over from Remo Canessa, who retired in December, and previously served as CFO at BetterUp, a mental health startup. Amidst the growing adoption of generative AI, Zscaler’s adjusted forecast for fiscal 2025 reflects strong performance expectations, further indicating a positive trend in investment in digital protection services.
Key Points
- Kevin Rubin appointed as Chief Financial Officer of Zscaler.
- Annual revenue forecast increased to $2.659-2.661 billion from $2.640-2.654 billion.
- Strong demand for cybersecurity solutions continues to drive business growth.
- Generative AI adoption highlights the need for robust data protection measures.
- Zscaler reported revenue of $678 million for Q3, exceeding analyst expectations.
Why should I read this?
If you’re keeping an eye on the future of cybersecurity, this article is a must-read! Zscaler’s developments signal significant shifts in how companies are prioritising data protection. With Kevin Rubin at the helm, expect innovation in security solutions—making this an essential read for anyone interested in tech trends and corporate strategies.