Revenue and Financial Performance - Revenue grew 26% year-over-year to $628.0 million[3] - Revenue increased from $496,703 in 2023 to $627,955 in 2024, a 26.4% year-over-year growth[35] - Revenue for the three months ended October 31, 2024, was $627.96 million, up from $496.7 million in the same period in 2023[46] - Zscaler expects Q2 fiscal 2025 revenue of $633 million to $635 million[13] - Full-year fiscal 2025 revenue is expected to be $2.623 billion to $2.643 billion[13] Billings and Deferred Revenue - Calculated billings increased 13% year-over-year to $516.7 million[3] - Calculated billings for the three months ended October 31, 2024, were $516.7 million, compared to $456.6 million in the same period in 2023[46] - Deferred revenue grew 27% year-over-year to $1,783.7 million[3] Profitability and Margins - GAAP net loss was $12.1 million compared to $33.5 million in the same quarter last year[3] - Non-GAAP net income was $124.3 million compared to $86.4 million in the same quarter last year[3] - GAAP gross margin remained stable at 77% in 2024 compared to 78% in 2023[35] - Non-GAAP net income per share, diluted increased from $0.55 in 2023 to $0.77 in 2024[39] Cash Flow and Liquidity - Cash provided by operations was $331.3 million, or 53% of revenue[6] - Net cash provided by operating activities rose from $260,806 in 2023 to $331,335 in 2024, a 27% increase[32] - Free cash flow grew from $224,718 in 2023 to $291,881 in 2024, a 29.9% increase[45] - Free cash flow margin for the three months ended October 31, 2024, was 46%, compared to 45% in the same period in 2023[46] - Net cash provided by operating activities as a percentage of revenue was 53% for both the three months ended October 31, 2024, and 2023[46] - Free cash flow is defined as net cash provided by operating activities less purchases of property, equipment, and other assets and capitalized internal-use software[51] Assets and Liabilities - Total assets increased slightly from $4,704,968 in 2023 to $4,709,002 in 2024[30] - Cash and cash equivalents grew from $1,423,080 in 2023 to $1,553,645 in 2024, a 9.2% increase[30] - Total current liabilities decreased from $3,112,887 in 2023 to $2,963,610 in 2024[30] Investments and Capital Expenditures - Purchases of short-term investments increased from $375,929 in 2023 to $430,296 in 2024[32] - Purchases of property, equipment, and other assets as a percentage of revenue decreased to 3% in the three months ended October 31, 2024, from 6% in the same period in 2023[46] - Capitalized internal-use software as a percentage of revenue increased to 4% in the three months ended October 31, 2024, from 2% in the same period in 2023[46] Non-GAAP Adjustments and Tax Rate - The company uses a long-term projected non-GAAP tax rate of 23% starting August 1, 2024, for determining non-GAAP net income and non-GAAP net income per share[50] - Non-GAAP gross profit excludes stock-based compensation expense, related employer payroll taxes, and amortization expense of acquired intangible assets[51] - Non-GAAP income from operations excludes stock-based compensation expense, related employer payroll taxes, and amortization expense of acquired intangible assets[51] Stock-Based Compensation - Stock-based compensation expense increased from $129,138 in 2023 to $157,178 in 2024[32] Platform and Partnerships - Zscaler's cloud security platform surpassed half a trillion daily transactions[7] - Zscaler announced AI and Zero Trust integrations with CrowdStrike Falcon® platform[8]

First Quarter Highlights Revenue grows 26% year-over-year to $628.0 millionCalculated billings grows 13% year-over-year to $516.7 millionDeferred revenue grows 27% year-over-year to $1,783.7 millionGAAP net loss of $12.1 million compared to GAAP net loss of $33.5 million on a year-over-year basis Non-GAAP net income of $124.3 million compared to non-GAAP net income of $86.4 million on a year-over-year basis SAN JOSE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (Nasdaq: ZS), the leader in cloud s ...

Zscaler, Inc. ZS will release earnings results for its first quarter, after the closing bell on Monday, Dec. 2.Analysts expect the San Jose, California-based bank to report quarterly earnings at 63 cents per share, down from 67 cents per share in the year-ago period. Zscaler projects to report revenue of $605.55 million for the recent quarter, compared to $496.7 million a year earlier, according to data from Benzinga Pro.On Sept. 3, Zscaler reported fiscal fourth-quarter revenue of $592.9 million, beating t ...

Zscaler Inc (NASDAQ:ZS) is scheduled to report fiscal first-quarter results after the close on Monday, Dec. 2. According to Zacks, the consensus estimate for the cloud security company's earnings and revenue are 63 cents per share and $605.7 million, respectively. The former represents a 6% year-over-year decrease, and the latter a 21.9% year-over-year increase.At last glance, ZS was 3.2% lower at $203.55. In October, the equity experienced two significant pullbacks, both of which were saved by the 70-day m ...

Zscaler (ZS) is scheduled to report first-quarter fiscal 2025 results on Dec. 2, after market close.For the first quarter, Zscaler projects total revenues to be between $604 million and $606 million. The Zacks Consensus Estimate is pegged at $605.7 million, which indicates growth of 21.9% from the year-ago quarter's level.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Zscaler anticipates non-GAAP earnings per share (EPS) to be between 62 cents and 63 cents. The Zacks Consensus Esti ...

Wall Street analysts forecast that Zscaler (ZS) will report quarterly earnings of $0.63 per share in its upcoming release, pointing to a year-over-year decline of 6%. It is anticipated that revenues will amount to $605.68 million, exhibiting an increase of 21.9% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this tim ...

The most recent trading session ended with Zscaler (ZS) standing at $210.42, reflecting a -0.26% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.3%. Meanwhile, the Dow gained 0.99%, and the Nasdaq, a tech-heavy index, added 0.27%.Coming into today, shares of the cloud-based information security provider had gained 14.06% in the past month. In that same time, the Computer and Technology sector gained 0.27%, while the S&P 500 gained 2.1%.Market participants wil ...

Zscaler Inc NASDAQ: ZS, a leading player in the cybersecurity sector with a market cap of $32 billion and headquartered in California, has had quite a rollercoaster year in 2023. Despite a strong rally early in the year, its momentum faded by February, leading to a summer slump that saw the stock drop 40%. Nevertheless, Zscaler’s shares have been bouncing back.  They’ve consolidated in recent months and are now breaking out of their range, logging an impressive 30% gain since September. With earnings just a ...

When a company management clearly mentions in its financials that they continue to expect net losses for the company in the foreseeable future, the investors are left with two questions. 1) Whether the business has enough competitive offering or economic moatAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am ...

I'm an investment analyst with several years of clinical experience and a Master of Business Administration, now expanding my focus beyond biotech and healthcare into a range of sectors. I've had the privilege of sharing my insights on Seeking Alpha since 2017. Outside of spending time with my family, it is my favorite thing to do. My work emphasizes financial modeling techniques, such as Discounted Cash Flow (DCF) analysis, to uncover hidden assumptions within stock valuations across multiple industries. B ...