Zscaler Q1 FY2023 revenue $355.5M (+54% YoY); non-GAAP net income $44.0M

For the full year fiscal 2023, we expect: • Total revenue of approximately $1.525 billion to $1.530 billion • Calculated billings of $1.930 billion to $1.940 billion. First half mix of billings to be approximately 43% of full-year • Non-GAAP income from operations of $179 million to $183 million • Non-GAAP net income per share of $1.23 to $1.25, assuming approximately 157 million common shares outstanding using the "if-converted" method for our senior convertible notes

For the second quarter of fiscal 2023, we expect: • Total revenue of $364 million to $366 million • Non-GAAP income from operations of $42 million to $43 million • Non-GAAP net income per share of approximately $0.29 to $0.30, assuming approximately 156 million common shares outstanding using the "if-converted" method for our senior convertible notes

• Revenue: $355.5 million, an increase of 54% year-over-year. • Income (loss) from operations: GAAP loss from operations was $69.1 million, or 19% of total revenue, compared to $74.4 million, or 32% of total revenue, in the first quarter of fiscal 2022. Non-GAAP income from operations was $42.1 million, or 12% of total revenue, compared to $23.9 million, or 10% of total revenue, in the first quarter of fiscal 2022. • Net income (loss): GAAP net loss was $68.2 million, compared to $90.8 million in the first quarter of fiscal 2022. Non-GAAP net income was $44.0 million, compared to $21.0 million in the first quarter of fiscal 2022. • Net income (loss) per share: GAAP net loss per share was $0.48, compared to $0.65 in the first quarter of fiscal 2022.