Sep. 4 at 2:23 AM
Zscaler the cloud security company beat Wall Street’s fiscal fourth-quarter estimates, driven by growing demand for cybersecurity tools amid rising AI-related risks.
Adjusted EPS came in at
$1.19 versus
$1.09 expected, while revenue reached
$898 million, up 25% year over year and above the
$877 million consensus. Annual recurring revenue also rose 25% to
$3.77 billion, topping estimates.
CEO Jay Chaudhry said Zscaler’s Zero Trust security technology for AI agents is gaining early momentum and could become a major growth opportunity in fiscal 2028 and 2029. AI-related bookings totaled
$100 million over the past year and grew more than 50% sequentially in the latest quarter.
The company also issued stronger-than-expected guidance. Fiscal first-quarter revenue is projected at
$935 million-
$939 million with adjusted EPS of
$1.15-
$1.16, while full-year revenue is expected at
$3.91 billion-
$3.94 billion and adjusted EPS at
$4.86-
$4.90.
$ZS