Despite solid earnings, Zscaler shares drop after warning about challenging macro environment

Despite reporting strong results and outlook in its latest earnings report delivered today, shares in Zscaler Inc. were down slightly in late trading after company executives warned that the macro environment and closing deals remain challenging. For its fiscal fourth quarter ending July 31, Zscaler reported adjusted earnings per share of 64 cents, up from 25 cents in the same quarter of last year, on revenue of $455 million, up 43% year-over-year.

Source: SiliconANGLE

 


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