financetom
Business
financetom
/
Business
/
Zscaler Beats First-Quarter Views, Lifts 2025 Outlook
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
European banks want EU to designate them a 'strategic' sector
European banks want EU to designate them a 'strategic' sector
Apr 15, 2024
FRANKFURT, April 16 (Reuters) - European Banks are calling on the European Union to designate them a critically important strategic sector, warning that their competitiveness and the bloc's future are at stake, according to a report published on Tuesday. The pitch by the European Banking Federation (EBF) leads a list of 45 policy recommendations that the region's top banking lobby...
UK discounter B&M expects full year profit at top end of guidance
UK discounter B&M expects full year profit at top end of guidance
Apr 15, 2024
LONDON (Reuters) - British discount chain B&M on Tuesday forecast full year profit at the top end of its guidance as it reported a 10.1% rise in revenue for the period that was partly driven by new store openings. The FTSE 100 group, which sells everything from garden furniture to electrical items to toys and food, said it expected to...
Supermarket chain Spinneys' Dubai franchisee announces IPO plans
Supermarket chain Spinneys' Dubai franchisee announces IPO plans
Apr 15, 2024
DUBAI, April 16 (Reuters) - A franchisee of supermarket chain Spinneys, which operates in the United Arab Emirates and Oman, on Tuesday announced plans for an initial public offering (IPO) on the Dubai bourse, in the first listing of a supermarket chain operator in the UAE. Spinneys Dubai LLC will offer a 25% stake through the IPO, and the price...
French asset manager Amundi to take 26% stake in Victory Capital
French asset manager Amundi to take 26% stake in Victory Capital
Apr 15, 2024
PARIS, April 16 (Reuters) - Amundi, Europe's largest asset manager, said on Tuesday it had formed a strategic partnership with U.S. peer Victory Capital ( VCTR ) whereby Amundi would end up with a 26.1% stake in Victory Capital ( VCTR ). Amundi US would be combined into Victory Capital ( VCTR ) in exchange for a 26.1% economic stake...
Copyright 2023-2026 - www.financetom.com All Rights Reserved