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Zscaler posts narrower fiscal fourth-quarter loss as revenue rises 25%

  • Zscaler posted a narrower fiscal fourth-quarter loss as revenue increased.
  • 25% revenue growth accompanied the quarterly results, while shares rose 2.94%.
  • Zscaler said restructuring will reduce its workforce by 3%.

Zscaler posted a narrower loss in its fiscal fourth quarter after revenue increased 25%, helped by demand for its cybersecurity offerings linked to artificial intelligence. Shares rose 2.94%. The San Jose, Calif.-based company also announced a restructuring that will eliminate 3% of its workforce as it reallocates resources toward AI and growth initiatives.

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