Zscaler Earnings: AI Opportunities

Here's our initial take on Zscaler's (ZS 1.36%) fiscal 2025 second-quarter financial report.Key MetricsMetricQ2 2024Q2 2025Changevs. ExpectationsRevenue$525.0 million$647.9 million+23%BeatAdjusted earnings per share$0.63$0.78+24%BeatFree cash flow$100.8 million$143.4 million+42%n/aCalculated billings$627.6 million$742.7 million+18%n/aZero Trust and AIZscaler beat expectations in the second quarter of fiscal 2025, reporting 23% revenue growth. The company's Zero Trust platform continued to win over customers ...