Zscaler Q4 2022 Earnings Report
Key Takeaways
Zscaler reported a strong fourth quarter for fiscal year 2022, with a 61% increase in revenue and a 57% increase in calculated billings year-over-year. The company's focus on its Zero Trust Exchange platform continues to drive demand, despite an uncertain macroeconomic environment.
Revenue grew 61% year-over-year to $318.1 million.
Calculated billings grew 57% year-over-year to $520.4 million.
GAAP net loss was $97.7 million, compared to a net loss of $81.0 million year-over-year.
Non-GAAP net income was $36.4 million, compared to $20.3 million in the same period last year.
Zscaler
Zscaler
Forward Guidance
For the first quarter of fiscal 2023, Zscaler expects total revenue of $339 million to $341 million and non-GAAP income from operations of $37 million to $38 million. For the full year fiscal 2023, the company expects total revenue of approximately $1.49 billion to $1.50 billion and calculated billings of $1.92 billion to $1.94 billion.
Positive Outlook
- Total revenue of $339 million to $341 million for Q1 2023.
- Non-GAAP income from operations of $37 million to $38 million for Q1 2023.
- Non-GAAP net income per share of approximately $0.26 for Q1 2023.
- Total revenue of approximately $1.49 billion to $1.50 billion for FY 2023.
- Calculated billings of $1.92 billion to $1.94 billion for FY 2023.