Analysis of Zscaler's Acquisition of Canonic Security
Cloud security provider Zscaler (NASDAQ: ZS) recently reported its quarterly performance that outpaced market expectations. Zscaler is seeing delays in the closing of big deals and expects its billings to slow down in the near future. But it continues to grow in the current economic conditions through acquisitions. Zscaler's Financials Revenues for the second quarter grew 52% to $387.6 million, ahead of the market's forecast of $363.8 million. Net income was $57.6 million, compared with a net income of $19.2 million reported a year ago. On an adjusted basis, EPS was $0.37 compared wi...
Source: sramanamitra.com
