financetom
Business
financetom
/
Business
/
Zscaler Q4 Earnings: Revenue Beat, EPS Beat, Customer Adoption 'Stronger Than Ever,' Shares Slide
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Zscaler Q4 Earnings: Revenue Beat, EPS Beat, Customer Adoption 'Stronger Than Ever,' Shares Slide
Sep 4, 2024 1:06 AM

Zscaler Inc ( ZS ) reported financial results for its fourth quarter after the market close on Tuesday. Here’s a look at the key metrics from the quarter.

Q4 Results: Zscaler ( ZS ) reported fiscal fourth-quarter revenue of $592.9 million, beating the consensus estimate of $567.933 million. The cybersecurity company reported adjusted earnings of 88 cents per share, beating analyst estimates of 69 cents per share, according to Benzinga Pro.

Total revenue was up 30% on a year-over-year basis. Deferred revenue increased 32% year-over-year to $1.895 billion. Calculated billings grew 27% year-over-year to $910.8 million.

Cash flow from operations totaled $203.6 million in the quarter. The company generated $136.3 million of free cash flow in the fourth quarter, up from $101.3 million in the prior year's quarter. Zscaler ( ZS ) ended the quarter with approximately $2.41 billion in cash, equivalents and short-term investments.

“We ended a successful Fiscal 2024 with Q4 results exceeding the high end of our guidance across all metrics,” said Jay Chaudhry, chairman and CEO of Zscaler ( ZS ).

“Customers adoption of our Zero Trust Exchange platform is stronger than ever, and I’m thrilled to share that we have achieved a major milestone with our cloud platform surpassing over half a Trillion transactions daily. I’m excited about the year ahead, as we enter Fiscal 2025 with a strong go-to-market machine and a high pace of innovation.”

See Also: 4 Reasons Why Hewlett Packard Investors Should Be Positive Into Q3 Earnings: Analyst

Outlook: Zscaler ( ZS ) expects fiscal first-quarter revenue to be in the range of $604 million to $606 million. The company sees first-quarter adjusted earnings of 62 cents to 63 cents per share.

Zscaler ( ZS ) expects full-year 2025 revenue of approximately $2.6 billion to $2.62 billion. The company anticipates full-year adjusted earnings of $2.81 to $2.87 per share.

Shares appear to be selling off in reaction to the company’s earnings guidance. Management will hold a conference call at 4:30 p.m. ET to further discuss the quarter.

ZS Price Action: Zscaler ( ZS ) shares were down 5.66% in Tuesday’s after-hours session, trading at $182 at the time of publication Tuesday, per Benzinga Pro.

Read Next:

Stock Of The Day: Berkshire Hathaway Trades Above Usual Range — Time To Sell The Warren Buffett Stock?

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 >
Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions
Oct 14, 2024
Oct 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday: ** Private equity firm MBK and Young Poong 000670.KS have secured a more than 5% stake in Korea Zinc 010130.KS through a tender offer that closed on Monday, a person familiar with the matter said. ** South Korean conglomerate Hanwha Group on...
FOCUS-Low-cost hybrid tech gives Renault breathing space in tough EV transition
FOCUS-Low-cost hybrid tech gives Renault breathing space in tough EV transition
Oct 14, 2024
* Renault's hybrid sales rise 55% in January-August * French carmaker's low-cost hybrid tech uses fewer parts * Renault's EV sales stagnant, needs 20% EV sales to meet 2025 CO2 targets - source By Gilles Guillaume PARIS, Oct 14 (Reuters) - Renault CEO Luca de Meo's bet on a low-cost gearbox technology is allowing the French carmaker to gain ground...
Oil prices erase last week's gains on China demand woes
Oil prices erase last week's gains on China demand woes
Oct 14, 2024
LONDON (Reuters) -Oil prices on Monday wiped out all of last week's gains as China's stimulus plans failed to inspire confidence among investors, while the market remained on edge about potential Israeli attacks on Iranian oil infrastructure. Brent crude futures were down $1.35, or 1.7%, at $77.69 per barrel by 0902 GMT, while U.S. West Texas Intermediate crude futures fell...
NHTSA opens probe into over 35,000 Ford vehicles over rear-camera failure
NHTSA opens probe into over 35,000 Ford vehicles over rear-camera failure
Oct 14, 2024
(Reuters) -The National Highway Traffic Safety Administration (NHTSA) said on Monday that it has opened a preliminary evaluation into about 35,950 Ford Flex vehicles in the United States over a potential rear-camera failure. Ford did not immediately respond to a request for a comment. The U.S. auto safety regulator said it received about 23 reports alleging the rear-view camera image...
Copyright 2023-2026 - www.financetom.com All Rights Reserved