secwatch.observer — SEC 8-K summary
======================================

Issuer:     Zscaler, Inc. (ZS)
CIK:        0001713683
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001713683-23-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01, 2.05, 5.03
LLM model:  deepseek-v4-flash:cloud@v2

Zscaler Q2 revenue up 52% to $387.6M, beats guidance; raises FY2023 outlook
---------------------------------------------------------------------------

- GAAP net loss narrowed to $57.5M from $100.4M; non-GAAP net income $57.6M vs $19.2M YoY.
- Non-GAAP EPS $0.37 vs $0.13 YoY; Q3 guidance non-GAAP EPS ~$0.39.
- Calculated billings $493.8M (+34% YoY); deferred revenue $1.11B (+46%).
- Announced ~3% workforce reduction with $8-10M restructuring charges in Q3.
- Acquired Canonic Security in Feb 2023 to bolster SaaS supply chain security.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1713683/000171368323000026/0001713683-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1713683/000171368323000026/zs-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001713683-23-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer