Summary by Moomoo AI
On February 29, 2024, Zscaler, Inc., a leader in cloud security, reported its financial results for the second fiscal quarter ended January 31, 2024. The company announced significant year-over-year growth with revenue increasing by 35% to $525.0 million, calculated billings up by 27% to $627.6 million, and deferred revenue growing by 35% to $1,502.2 million. Zscaler also reported a GAAP net loss of $28.5 million, which is an improvement from the $57.5 million GAAP net loss in the previous year. Non-GAAP net income stood at $121.1 million, more than double the $57.6 million from the same quarter last year. The company's strong performance was attributed to the high customer interest in its Zscaler Zero Trust Exchange platform. Zscaler's CEO, Jay Chaudhry, highlighted the shift from traditional firewall-based security...Show More