Zscaler Inc · Q1 2021 earnings

Briefing

Zscaler's first quarter results for fiscal year 2021 were reported, demonstrating significant revenue growth and increased adoption of the Zscaler Zero Trust Exchange platform.

Zscaler reported strong first-quarter results for fiscal year 2021, with revenue growing 52% year-over-year to $142.6 million and calculated billings increasing 64% year-over-year to $144.7 million. The company's GAAP net loss was $55.0 million, while non-GAAP net income reached $20.0 million. Zscaler also increased its fiscal year guidance.

• Revenue increased by 52% year-over-year, reaching $142.6 million.
• Calculated billings grew by 64% year-over-year, totaling $144.7 million.
• GAAP net loss was $55.0 million, compared to a $17.1 million loss in the prior year.
• Non-GAAP net income was $20.0 million, up from $4.9 million in the prior year.

Headline financials

Revenue & EPS history

For the second quarter of fiscal 2021, Zscaler expects total revenue of $146 million to $148 million and non-GAAP earnings per share of approximately $0.07 to $0.08. For the full year fiscal 2021, the company expects total revenue of $608 million to $612 million and non-GAAP earnings per share of $0.37 to $0.38.