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Oct 31, 2020
Zscaler Q1 2021 Earnings Report
Zscaler's first quarter results for fiscal year 2021 were reported, demonstrating significant revenue growth and increased adoption of the Zscaler Zero Trust Exchange platform.
Key Takeaways
Zscaler reported strong first-quarter results for fiscal year 2021, with revenue growing 52% year-over-year to $142.6 million and calculated billings increasing 64% year-over-year to $144.7 million. The company's GAAP net loss was $55.0 million, while non-GAAP net income reached $20.0 million. Zscaler also increased its fiscal year guidance.
Revenue increased by 52% year-over-year, reaching $142.6 million.
Calculated billings grew by 64% year-over-year, totaling $144.7 million.
GAAP net loss was $55.0 million, compared to a $17.1 million loss in the prior year.
Non-GAAP net income was $20.0 million, up from $4.9 million in the prior year.
Forward Guidance
For the second quarter of fiscal 2021, Zscaler expects total revenue of $146 million to $148 million and non-GAAP earnings per share of approximately $0.07 to $0.08. For the full year fiscal 2021, the company expects total revenue of $608 million to $612 million and non-GAAP earnings per share of $0.37 to $0.38.
Positive Outlook
- Total revenue of $146 million to $148 million for Q2 2021.
- Non-GAAP income from operations of $11 million to $12 million for Q2 2021.
- Non-GAAP earnings per share of approximately $0.07 to $0.08 for Q2 2021.
- Total revenue of $608 million to $612 million for fiscal year 2021.
- Non-GAAP earnings per share of $0.37 to $0.38 for fiscal year 2021.
Historical Earnings Impact
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