NASDAQ$ZS
Zscaler Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Zscaler's first quarter of fiscal year 2024 financial results were announced, demonstrating strong growth and exceeding guidance.
Zscaler reported a strong start to fiscal year 2024, with revenue growing 40% year-over-year to $496.7 million and calculated billings increasing 34% year-over-year to $456.6 million. The company's GAAP net loss decreased compared to the previous year, while non-GAAP net income significantly increased.
- Revenue grew 40% year-over-year to $496.7 million.
- Calculated billings grew 34% year-over-year to $456.6 million.
- GAAP net loss was $33.5 million, an improvement from the previous year's $68.2 million loss.
- Non-GAAP net income was $106.5 million, significantly up from $44.0 million in the prior year.
Headline financials
Revenue & EPS history
Zscaler · Revenue · Quarterly
$497M
Forward guidance
For the second quarter of fiscal 2024, Zscaler expects revenue of $505 million to $507 million and non-GAAP net income per share of approximately $0.57 to $0.58. For the full year fiscal 2024, the company anticipates revenue of approximately $2.09 billion to $2.10 billion and non-GAAP net income per share of $2.45 to $2.48.
Tailwinds
- Revenue of $505 million to $507 million is expected for Q2 2024.
- Non-GAAP income from operations of $84 million to $86 million is projected for Q2 2024.
- Non-GAAP net income per share of approximately $0.57 to $0.58 is anticipated for Q2 2024.
- Revenue of approximately $2.09 billion to $2.10 billion is expected for the full year fiscal 2024.
- Non-GAAP net income per share of $2.45 to $2.48 is projected for the full year fiscal 2024.
Headwinds
- Forward-looking statements are subject to risks and uncertainties.
- Actual results may differ materially from expectations.
- Macroeconomic influences and instability could impact results.
- The ongoing effects of inflation may affect financial performance.
- Geopolitical events may influence operations and financial results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+2.0%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+2.6%
Avg return
30 days after
41%
13 / 32 earnings
Positive
+31.6%
Q3 2020
Best reaction
-21.4%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | -3.0% | -6.7% | -20.4% | |
| Q1 2026 | -6.8% | -16.0% | -20.4% | |
| Q4 2025 | -1.5% | +2.6% | +11.2% | |
| Q3 2025 | +10.0% | +18.2% | +25.6% | |
| Q2 2025 | +2.9% | +1.5% | -11.1% | |
| Q1 2025 | -3.8% | +2.6% | -12.7% | |
| Q4 2024 | -21.4% | -21.6% | -15.2% | |
| Q3 2024 | +3.4% | +2.9% | +16.9% | |
| Q2 2024 | -7.6% | -13.0% | -18.8% | |
| Q1 2024 | +0.4% | +2.6% | +16.5% | |
| Q4 2023 | -0.0% | +1.5% | -3.2% | |
| Q3 2023 | +5.1% | +12.9% | +8.0% | |
| Q2 2023 | -7.2% | -8.2% | -9.0% | |
| Q1 2023 | -3.3% | -13.1% | -16.1% | |
| Q4 2022 | +27.3% | +22.7% | +15.2% | |
| Q3 2022 | +20.7% | +15.5% | +28.8% | |
| Q2 2022 | -7.3% | +3.5% | -3.8% | |
| Q1 2022 | -10.6% | -12.0% | -8.8% | |
| Q4 2021 | -3.6% | -1.7% | -5.0% | |
| Q3 2021 | +11.4% | +11.4% | +25.9% | |
| Q2 2021 | -1.3% | -2.5% | -18.3% | |
| Q1 2021 | +22.4% | +17.4% | +31.7% | |
| Q4 2020 | -0.4% | -2.3% | +14.1% | |
| Q3 2020 | +31.6% | +42.5% | +42.2% | |
| Q2 2020 | -16.4% | -22.6% | -17.7% | |
| Q1 2020 | -2.4% | -8.6% | -7.3% | |
| Q4 2019 | -19.9% | -23.4% | -23.7% | |
| Q3 2019 | -3.5% | +1.1% | +7.7% | |
| Q2 2019 | +19.4% | +13.4% | +39.8% | |
| Q1 2019 | +9.9% | +3.2% | +0.5% | |
| Q4 2018 | -5.4% | +3.4% | -16.3% | |
| Q3 2018 | +25.4% | +36.9% | +26.2% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro