Zscaler Q1 2023 Earnings Report
Key Takeaways
Zscaler reported a strong first quarter in fiscal year 2023, with revenue increasing by 54% year-over-year to $355.5 million. The company also saw improvements in operating profitability and increased free cash flow.
Revenue grew 54% year-over-year to $355.5 million.
Calculated billings grew 37% year-over-year to $340.1 million.
GAAP net loss was $68.2 million, compared to a net loss of $90.8 million year-over-year.
Non-GAAP net income was $44.0 million, compared to $21.0 million year-over-year.
Zscaler
Zscaler
Forward Guidance
For the second quarter of fiscal 2023, Zscaler expects total revenue of $364 million to $366 million and non-GAAP net income per share of approximately $0.29 to $0.30. For the full year fiscal 2023, the company expects total revenue of approximately $1.525 billion to $1.530 billion and calculated billings of $1.930 billion to $1.940 billion.
Positive Outlook
- Total revenue of $364 million to $366 million for Q2 2023.
- Non-GAAP income from operations of $42 million to $43 million for Q2 2023.
- Non-GAAP net income per share of approximately $0.29 to $0.30 for Q2 2023.
- Total revenue of approximately $1.525 billion to $1.530 billion for fiscal year 2023.
- Calculated billings of $1.930 billion to $1.940 billion for fiscal year 2023.