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Jul 31, 2023
Zscaler Q4 2023 Earnings Report
Announced strong revenue growth and record operating profits.
Key Takeaways
Zscaler's Q4 2023 earnings showcase robust top-line growth with revenue increasing by 43% year-over-year to $455.0 million and record operating profits. The company's annual recurring revenue surpassed the $2 billion milestone, doubling in less than two years.
Revenue grew 43% year-over-year to $455.0 million.
Calculated billings grew 38% year-over-year to $719.3 million.
GAAP net loss was $30.7 million, an improvement from the $97.7 million loss in the same quarter last year.
Non-GAAP net income was $100.9 million, significantly up from $36.4 million in the fourth quarter of fiscal 2022.
Zscaler
Zscaler
Forward Guidance
For the first quarter of fiscal 2024, Zscaler expects revenue between $472 million and $474 million, non-GAAP income from operations between $70 million and $72 million, and non-GAAP net income per share between $0.48 and $0.49.
Positive Outlook
- Revenue of $472 million to $474 million
- Non-GAAP income from operations of $70 million to $72 million
- Non-GAAP net income per share of approximately $0.48 to $0.49
- Assuming approximately 159 million fully diluted shares outstanding
- Using the 'if-converted' method for convertible senior notes