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Apr 30, 2023
Zscaler Q3 2023 Earnings Report
Zscaler's business value delivered by its Zero Trust security platform drove customer adoption, leading to strong growth.
Key Takeaways
Zscaler reported strong third-quarter fiscal 2023 results, with revenue growing 46% year-over-year to $418.8 million. The company's calculated billings grew 40% year-over-year to $482.3 million. Zscaler exceeded its guidance from last quarter, driven by the business value of its Zero Trust security platform.
Revenue grew 46% year-over-year to $418.8 million.
Calculated billings grew 40% year-over-year to $482.3 million.
GAAP net loss was $46.0 million, compared to a net loss of $101.4 million in the third quarter of fiscal 2022.
Non-GAAP net income was $74.6 million, compared to $24.7 million in the third quarter of fiscal 2022.
Forward Guidance
For the fourth quarter of fiscal 2023, Zscaler expects revenue of $429 million to $431 million and non-GAAP net income per share of approximately $0.49.
Positive Outlook
- Revenue of $429 million to $431 million
- Non-GAAP income from operations of $69 million to $70 million
- Non-GAAP net income per share of approximately $0.49
Historical Earnings Impact
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Avg. Return Before/After Earnings
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