Zscaler Inc · Q2 2024 earnings

Briefing

Reported strong Q2 results with billings, revenue, and operating profit above guidance, driven by high customer interest in the Zscaler Zero Trust Exchange platform.

Zscaler's Q2 fiscal year 2024 shows strong financial performance with revenue reaching $525.0 million, a 35% year-over-year increase, and calculated billings growing by 27% to $627.6 million. The company's GAAP net loss decreased significantly, and non-GAAP net income saw substantial growth, highlighting the increasing adoption of the Zscaler Zero Trust Exchange platform.

• Revenue increased by 35% year-over-year, reaching $525.0 million.
• Calculated billings grew by 27% year-over-year, totaling $627.6 million.
• GAAP net loss improved to $28.5 million compared to $57.5 million in the previous year.
• Non-GAAP net income increased to $121.1 million, up from $57.6 million year-over-year.

Headline financials

Revenue & EPS history

For the third quarter of fiscal 2024, Zscaler expects revenue between $534 million and $536 million, non-GAAP income from operations between $98 million and $100 million, and non-GAAP net income per share between $0.64 and $0.65. For the full year fiscal 2024, the company anticipates revenue of approximately $2.118 billion to $2.122 billion, calculated billings of $2.55 billion to $2.57 billion, non-GAAP income from operations of $395 million to $400 million, and non-GAAP net income per share of $2.73 to $2.77.