Original title: Zscaler’s AI Security Products Drive Billings Growth in 4Q
Zscaler Inc. shares climbed after fourth-quarter calculated billings hit a record high, driven by sales of artificial-intelligence products. The cybersecurity company reported calculated billings of $1.2 billion and initiated its revenue outlook for the year of $3.27 billion to $3.28 billion. Analysts estimated $3.2 billion.