Following the fiscal Q1 report, it was noted that the company experienced a notable beat in billings and a reacceleration of bookings growth, alongside strong profitability improvements. However, it was also mentioned that these results may not resolve ongoing debates about the company's stock, as concerns remain regarding 'still-back-end weighted sales execution risk' and Q2 billings projections falling below consensus.

Zscaler's Q1 operating margins, billings, and revenue exceeded consensus estimates. Although Zscaler is regarded as a leader in SSE, there is increased caution surrounding the stock as its growth opportunities may primarily hinge on larger customers while competitors' SASE products evolve in the downmarket.

Following Zscaler's report of a 'healthy' Q1, including billings and revenue growth of 13% and 26% respectively, which surpassed market expectations, estimates have been adjusted upwards. Nonetheless, the potential for heightened competition, along with risks to financial projections and challenges regarding the execution of new initiatives, may impede stock performance.

Zscaler's fiscal Q1 results unveiled numerous positive aspects, notably bookings that surged 30% year-over-year, though the billings growth fell short at 13%, deviating from expectations which anticipated a figure closer to the mid-teens. Additionally, the unexpected retirement of CFO Remo Canessa raises concerns about the forecasted acceleration in the second half of the fiscal year. Nonetheless, the company's adjustments in sales leadership are believed to be stabilizing, potentially bolstering its ability to market its comprehensive platform solutions.

Zscaler's fiscal Q1 results were described as adequate, yet the modest outperformance in billings fell short of expectations. The projections for the fiscal year still anticipate a considerable acceleration in the latter half, coinciding with transitions in the sales organization and the departure of the CFO.