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Zscaler Beats First-Quarter Views, Lifts 2025 Outlook
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Zscaler Beats First-Quarter Views, Lifts 2025 Outlook
Dec 2, 2024 2:08 PM

04:59 PM EST, 12/02/2024 (MT Newswires) -- Zscaler ( ZS ) late Monday reported stronger-than-expected fiscal first-quarter results as the cloud security company benefited from integrating artificial intelligence into its offerings.

Adjusted per-share earnings jumped to $0.77 during the quarter ended Oct. 31 from $0.55 a year earlier, higher than the consensus on FactSet for $0.63. Revenue grew 26% to $628 million, above Wall Street's $605.6 million view.

Calculated billings advanced 13% year-over-year to $516.7 million.

Zscaler ( ZS ) expects fiscal 2025 adjusted EPS of $2.94 to $2.99, up from $2.81 to $2.87 previously expected. Revenue is pegged between $2.62 billion to $2.64 billion, compared with the prior guidance of $2.6 billion to $2.62 billion.

Analysts surveyed by Capital IQ expect full-year normalized EPS of $2.86 and sales of $2.61 billion.

For the current quarter, Zscaler ( ZS ) said it expects non-GAAP EPS of $0.68 to $0.69 on revenue between $633 million and $635 million. The consensus is for $0.68 and $633.5 million, respectively.

Shares were down 7.8% in after-hours trading.

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