Zscaler Q2 2022 Earnings Report
Key Takeaways
Zscaler reported strong second quarter fiscal year 2022 financial results, with revenue growing 63% year-over-year to $255.6 million and calculated billings growing 59% year-over-year to $367.7 million. The company's year-over-year revenue growth rate reached its highest level in three years, surpassing $1 billion in annualized revenue.
Revenue grew 63% year-over-year to $255.6 million.
Calculated billings grew 59% year-over-year to $367.7 million.
Deferred revenue grew 70% year-over-year to $759.9 million.
GAAP net loss was $100.4 million compared to $67.5 million in the second quarter of fiscal 2021.
Zscaler
Zscaler
Forward Guidance
For the third quarter of fiscal 2022, Zscaler expects total revenue of $270 million to $272 million and non-GAAP net income per share of approximately $0.10 to $0.11. For the full year fiscal 2022, the company expects total revenue of $1.045 billion to $1.05 billion and calculated billings of $1.365 billion to $1.37 billion.
Positive Outlook
- Total revenue of $270 million to $272 million for Q3 2022
- Non-GAAP income from operations of $19 million to $20 million for Q3 2022
- Non-GAAP net income per share of approximately $0.10 to $0.11 for Q3 2022
- Total revenue of $1.045 billion to $1.05 billion for FY 2022
- Calculated billings of $1.365 billion to $1.37 billion for FY 2022
Challenges Ahead
- Non-GAAP income from operations of $95 million to $98 million for FY 2022
- Non-GAAP net income per share of $0.54 to $0.56 for FY 2022
- Forward-looking statements are subject to risks and uncertainties.
- Actual results may differ materially from statements made in the press release.
- The duration and global impact of COVID-19 could affect business, operations, and financial results.