NASDAQ$ZS
Zscaler Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Zscaler's Q3 2024 financial results were reported, demonstrating strong growth and profitability improvements.
Zscaler reported a strong third quarter in fiscal year 2024, with revenue increasing by 32% year-over-year to $553.2 million. The company achieved GAAP net income of $19.1 million, a significant improvement from the previous year's net loss. Calculated billings grew by 30% year-over-year, and free cash flow also saw substantial growth.
- Revenue increased by 32% year-over-year, reaching $553.2 million.
- Calculated billings grew by 30% year-over-year, amounting to $628.0 million.
- GAAP net income was $19.1 million, a notable improvement from the prior year's net loss of $46.0 million.
- Free cash flow increased to $123.1 million, representing 22% of revenue.
Headline financials
Revenue & EPS history
Zscaler · Revenue · Quarterly
$553M
Forward guidance
For the fourth quarter of fiscal 2024, Zscaler expects revenue between $565 million and $567 million, non-GAAP income from operations between $107 million and $109 million, and non-GAAP net income per share between $0.69 and $0.70.
Tailwinds
- Revenue is expected to be between $565 million and $567 million.
- Non-GAAP income from operations is projected to be between $107 million and $109 million.
- Non-GAAP net income per share is anticipated to be approximately $0.69 to $0.70.
- Full year revenue is expected to be approximately $2.140 billion to $2.142 billion.
- Full year calculated billings are projected to be between $2.603 billion to $2.606 billion.
Headwinds
- These statements are forward-looking and actual results may differ materially.
- Guidance for non-GAAP income from operations excludes stock-based compensation expense.
- Guidance excludes amortization of debt issuance costs.
- Guidance excludes amortization expense of acquired intangible assets.
- Certain items are out of the company's control or cannot be reasonably predicted.
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 Q3 2024
+1.5%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+2.6%
Avg return
30 days after
39%
13 / 33 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 | -15.8% | +2.9% | — | |
| 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 | — | — | — |
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