On Tuesday, Zscaler, Inc. (NASDAQ:ZS) inked an expanded partnership with U.K.-based fixed and mobile telecommunications provider BT Group Plc (OTC:BTGOF) to provide its Zscaler AI-driven Zero Trust Exchange cloud security platform.
As part of this partnership, Zscaler will also supply BT Group with security solutions to protect its own operations.
This will further enhance BT's first-hand experience as they support customers looking to adopt and implement Zscaler solutions.
While reporting second-quarter results, Zscaler Chairman and CEO Jay Chaudhry highlighted high customer interest in the Zscaler Zero Trust Exchange platform that boosted profits.
"An increasing number of customers are realizing the shortcomings of traditional firewall-based security and are engaging with us to transform their legacy security to Zero Trust architecture," Chaudhry had said in a press release dated February 29.
Following the latest development, BT is poised to provide customers with various innovative solutions to simplify IT infrastructures and minimize vulnerability to cyber-attacks. This facilitates enhanced business agility, efficiency, resilience, and security.
"Zero Trust security will not only modernize the security infrastructure to better stop large-scale attacks and diminish the attack surface but also reduce the administrative burden to accelerate BT customers' infrastructure and security transformation initiatives," said Mike Rich, CRO and President of Global Sales Zscaler.
Zscaler sees third-quarter non-GAAP income from operations between $98 million and $100 million and net income per share of between 64 cents and 65 cents.
The company expects fiscal year 2024 non-GAAP income from operations between $395 million and $400 million and net income per share between $2.73 and $2.77.
According to Benzinga Pro, ZS stock has gained over 73% in the past year. Investors can gain exposure to the stock via Spear Alpha ETF (NASDAQ:SPRX)
and Global X Cybersecurity ETF (NASDAQ:BUG).
Price Action: ZS shares are trading higher by 0.50% to $195.05 in the premarket session on Tuesday.
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