Jay Chaudhry

Overall business is very strong.

Everyone should and need to use AI.

We use AI to make sure we can deliver better customer support to our employees.

The AI agents are helping us.

We are increasing productivity of our engineering team by using all this stuff.

But I think the numbers that block share, they seem way out of line that anyone else is saying out there.

We are seeing some reduction in hiring.

additional hiring.

But I do think that in some of these critical areas, you need people.

I am hiring more developers for AI development, for example.

And for us, many times customers think that as the number of employees may not grow, that means it impacts our user-based pricing.

The user base may slow down from growth point of view, but we are actually securing all the agentic traffic, all the agents.

When we have millions of users, we'll have billions of agents to secure.

That provides an opportunity for us to secure the enterprises and monetize it.

Actually, sovereign clouds is a positive development and opportunity for us.

We built Zscaler architecture where the data that we store, which is essentially metadata and logs, can stay in that country.

We have had a cloud that's built for EU and is EU with data in EU for a long time.

Now, many of the large countries also want to operate the cloud in that country as well.

We are working with many large countries

to really provide them a sovereign security cloud that will access the data wherever the data is.