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Oct 31, 2021
Zscaler Q1 2022 Earnings Report
Reported first quarter fiscal year 2022 financial results, with revenue growing 62% year-over-year.
Key Takeaways
Zscaler reported strong first-quarter fiscal 2022 results, with revenue increasing by 62% year-over-year to $230.5 million and calculated billings growing 71% year-over-year to $247.7 million. The company achieved surpassing $1 billion in annual recurring revenue and is now focusing on achieving $5 billion in ARR.
Revenue grew 62% year-over-year to $230.5 million.
Calculated billings grew 71% year-over-year to $247.7 million.
Deferred revenue grew 74% year-over-year to $647.8 million.
GAAP net loss was $90.8 million, while non-GAAP net income was $21.0 million.
Forward Guidance
For the second quarter of fiscal 2022, Zscaler expects total revenue of $240 million to $242 million and non-GAAP net income per share of approximately $0.11. For the full year fiscal 2022, the company expects total revenue of $1.00 billion to $1.01 billion and calculated billings of $1.300 billion to $1.305 billion.
Positive Outlook
- Total revenue of $240 million to $242 million for Q2 2022.
- Non-GAAP income from operations of $20 million to $21 million for Q2 2022.
- Non-GAAP net income per share of approximately $0.11 for Q2 2022.
- Total revenue of $1.00 billion to $1.01 billion for fiscal year 2022.
- Calculated billings of $1.300 billion to $1.305 billion for fiscal year 2022.
Challenges Ahead
- Non-GAAP income from operations of $90 million to $93 million for fiscal year 2022.
- Non-GAAP net income per share of $0.50 to $0.52 for fiscal year 2022.
- Forward-looking statements are subject to risks and uncertainties.
Historical Earnings Impact
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