Zscaler Q1 FY2024 revenue $496.7M (+40% YoY); non-GAAP EPS $0.67 beats guidance

Zscaler, Inc.

2023-Q1 EPS reported -$0.23 revenue$496,703,000

Revenue $496.7M (+40% YoY); GAAP net loss $33.5M vs. $68.2M loss YoY; non-GAAP net income $106.5M (+142%).
Non-GAAP EPS $0.67 vs. $0.29 YoY; cash from ops $260.8M (53% of revenue); free cash flow $224.7M (45% of revenue).
Q2 FY24 guidance: revenue $505-507M; non-GAAP EPS ~$0.57-0.58. Full year FY24 revenue ~$2.09-2.10B.
Appointed Mike Rich as CRO and Joyce Kim as CMO; also appointed Chief AI Officer to drive AI/ML innovation.
Calculated billings grew 34% YoY to $456.6M; deferred revenue $1.4B (+39% YoY).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Zscaler, Inc. reported first quarter of fiscal year 2024 ended October 31, 2023 results: revenue $496.7 million, net income GAAP net loss was $33.5 million, EPS GAAP net loss per share was $0.23. Guidance initiated.

Period: first quarter of fiscal year 2024 ended October 31, 2023
Revenue: $496.7 million
Net income: GAAP net loss was $33.5 million
EPS: GAAP net loss per share was $0.23
Guidance: initiated
Result: reported results

Exact text from the filing

First Quarter Fiscal 2024 Financial Highlights • Revenue: $496.7 million, an increase of 40% year-over-year. • Income (loss) from operations: GAAP loss from operations was $46.1 million, or 9% of revenue, compared to $69.1 million, or 19% of revenue, in the first quarter of fiscal 2023. Non-GAAP income from operations was $89.7 million, or 18% of revenue, compared to $42.1 million, or 12% of revenue, in the first quarter of fiscal 2023. • Net income (loss): GAAP net loss was $33.5 million, compared to $68.2 million in the first quarter of fiscal 2023. Non-GAAP net income was $106.5 million, compared to $44.0 million in the first quarter of fiscal 2023. • Net income (loss) per share: GAAP net loss per share was $0.23, compared to $0.48 in the first quarter of fiscal 2023. Non-GAAP net income per share was $0.67, compared to $0.29 in the first quarter of fiscal 2023.

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Source: SEC EDGAR

accession 0001713683-23-000156

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