Zscaler Earnings Report

Zscaler reported softer current-quarter guidance on Monday that overshadowed better-than-expected fiscal first-quarter results and a lift to annual guidance.

• Stock Performance:
  Zscaler Inc (NASDAQ: ZS) fell about 7% in after-hours trading following the report.

• Q1 Results:
  For the three months ended October 31, Zscaler reported:

  • Earnings Per Share (EPS): $0.77
  • Revenue: $628 million
    This exceeded estimates of $0.63 EPS and $605.4 million in revenue.

• Billings Growth:
  Calculated billings grew 13% year-over-year to $516.7 million.

• Q2 Guidance:
  For Q2, adjusted EPS is forecasted in the range of $0.68 to $0.69 with revenue between $633 million to $635 million. The estimates were for $0.68 EPS on revenue of $633.1 million.

• Full-Year Guidance:
  For the full year, adjusted EPS is projected between $2.94 to $2.99, with revenue expected between $2.62 billion to $2.64 billion. This is an upgrade from previous estimates of EPS between $2.81 to $2.87 and revenue between $2.60 billion to $2.62 billion.