Summary by Moomoo AI
On September 3, 2024, Zscaler, Inc., a leader in cloud security, reported its financial results for the fourth fiscal quarter and the fiscal year ended July 31, 2024. The company announced significant growth, with a 30% year-over-year increase in revenue to $592.9 million for the quarter and a 34% increase for the fiscal year to $2.17 billion. Calculated billings and deferred revenue also saw substantial growth. Notably, Zscaler achieved a non-GAAP net income of $140.6 million for the quarter, up from $100.9 million the previous year, and $508.1 million for the fiscal year, up from $277.0 million. The company also reported a GAAP net loss of $14.9 million for the quarter, which was an improvement from a net loss of $30.7 million year-over-year. Zscaler's CEO, Jay Chaudhry, highlighted...Show More