Zscaler, Inc., a leader in cloud security, reported robust financial results for the third fiscal quarter ended April 30, 2024, with a 32% year-over-year revenue increase to $553.2 million. The company also saw calculated billings grow by 30% to $628.0 million and deferred revenue increase by 34% to $1.577 billion. Notably, Zscaler achieved a GAAP net income of $19.1 million, a significant improvement from the GAAP net loss of $46.0 million in the same period last year. Non-GAAP net income also rose to $139.8 million from $74.6 million year-over-year. The company's Chairman and CEO, Jay Chaudhry, attributed the strong performance to growing customer interest in their Zero Trust Exchange platform and the company's ongoing innovation and market expansion efforts. Zscaler also announced the appointment of...Show More

Zscaler, Inc., a leader in cloud security, reported robust financial results for the third fiscal quarter ended April 30, 2024, with a 32% year-over-year revenue increase to $553.2 million. The company also saw calculated billings grow by 30% to $628.0 million and deferred revenue increase by 34% to $1.577 billion. Notably, Zscaler achieved a GAAP net income of $19.1 million, a significant improvement from the GAAP net loss of $46.0 million in the same period last year. Non-GAAP net income also rose to $139.8 million from $74.6 million year-over-year. The company's Chairman and CEO, Jay Chaudhry, attributed the strong performance to growing customer interest in their Zero Trust Exchange platform and the company's ongoing innovation and market expansion efforts. Zscaler also announced the appointment of James Beer as a Class III director, effective May 25, 2024. In addition, the company made strategic acquisitions of Avalor Technologies and Airgap Networks to enhance its AI capabilities and extend its Zero Trust SASE leadership. Zscaler provided a positive outlook for the fourth quarter of fiscal 2024, with revenue expected to be between $565 million and $567 million and non-GAAP income from operations projected at $107 million to $109 million. For the full fiscal year 2024, Zscaler anticipates revenue of approximately $2.140 billion to $2.142 billion and calculated billings of $2.603 billion to $2.606 billion.