Zscaler Q3 2021 Earnings Report
Key Takeaways
Zscaler's Q3 2021 financial results showed strong growth, with revenue increasing by 60% year-over-year to $176.4 million. The company's calculated billings grew by 71% year-over-year to $225.0 million, and free cash flow reached a new record. However, the GAAP net loss was $58.5 million, compared to a net loss of $19.3 million in the same quarter of the previous year.
Revenue grew 60% year-over-year to $176.4 million.
Calculated billings grew 71% year-over-year to $225.0 million.
GAAP net loss was $58.5 million, compared to a net loss of $19.3 million year-over-year.
Free cash flow reached a new record.
Zscaler
Zscaler
Forward Guidance
For the fourth quarter of fiscal 2021, Zscaler expects total revenue of $185 million to $187 million and non-GAAP net income per share of approximately $0.08 to $0.09. For the full year fiscal 2021, the company expects total revenue of $660 million to $664 million and calculated billings of $878 million to $880 million.
Positive Outlook
- Total revenue of $185 million to $187 million for Q4 2021.
- Non-GAAP income from operations of $13.5 million to $14.5 million for Q4 2021.
- Non-GAAP net income per share of approximately $0.08 to $0.09 for Q4 2021.
- Total revenue of $660 million to $664 million for full year fiscal 2021.
- Calculated billings of $878 million to $880 million for full year fiscal 2021.