Summary by Moomoo AI
Zscaler, a leading cloud security company, reported significant growth in its annual financial performance for the fiscal year ended July 31, 2024. The company's revenue surged to $2,167.8 million, a 34% increase from the previous fiscal year's $1,617.0 million. Despite this revenue growth, Zscaler incurred a net loss of $57.7 million, which was a notable improvement from the $202.3 million net loss in fiscal 2023. The company's gross margin remained steady at 78%. Zscaler's business development was marked by an expansion of its customer base to over 8,650 customers, including approximately 35% of the Forbes Global 2000. The company's future plans include continued investment in sales and marketing, research and development, and strategic initiatives to support growth and market penetration. Zscaler's stock performance graph showed a positive trend over a five-year period, outperforming the S&P 500 Index. The company does not anticipate paying dividends in the foreseeable future, intending to reinvest all funds into its business operations.
