Zscaler surpasses quarterly forecasts but shares decline
Zscaler reported fiscal fourth-quarter results that beat Wall Street expectations on both earnings and revenue, with adjusted earnings at $1.19 per share and revenue reaching $898 million, both up 25% from a year ago. Despite this performance and issuing guidance above estimates, Zscaler shares dropped following the report. The company also reduced its net loss and recorded annual recurring revenue of $3.77 billion, partially boosted by the recent Red Canary acquisition.
- Adjusted EPS $1.19 vs $1.09 expected
- Revenue $898 million, 25% rise year-over-year
- Annual recurring revenue hit $3.77 billion
- Net loss shrank to $3.4 million from $17.6 million
- Red Canary acquisition added to recurring revenue
Sources covering this
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