Zscaler Q1 2021 Earnings Report
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.
Zscaler
Zscaler
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.