Press release
Zscaler Reports Fourth Quarter and Fiscal 2021 Financial Results
Fourth Quarter Highlights Revenue grows 57% year-over-year to $197.1 millionCalculated billings grows 70% year-over-year to $332.2 millionDeferred revenue
About this update from Zscaler Inc
[{"type":"text","content":"Fourth Quarter Highlights Revenue grows 57% year-over-year to $197.1 millionCalculated billings grows 70% year-over-year to $332.2 millionDeferred revenue grows 71% year-over-year to $630.6 millionGAAP net loss of $81.0 million compared to GAAP net loss of $49.5 million on a year-over-year basis Non-GAAP net income of $20.3 million compared to non-GAAP net income of $12.0 million on a year-over-year basis SAN JOSE, Calif., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its fiscal fourth quarter and fiscal year ended July 31, 2021. \"We delivered outstanding results for the fourth quarter, with a record number of large deals across diverse sectors driving 57% revenue growth and 70% billings growth year over year, finishing the fiscal year with strong business momentum,\" said Jay Chaudhry, Chairman and CEO of Zscaler. “Enterprises of all sizes are adopting Zscaler’s Zero Trust Exchange to accelerate their secure digital transformation journey as they turn away from legacy castle-and-moat security. We continue to invest and innovate across all our product pillars and help our customers adopt a Zero Trust architecture designed to secure the cloud and mobile world.” Fourth Quarter Fiscal 2021 Financial Highlights Revenue: $197.1 million, an increase of 57% year-over-year.Income (loss) from operations: GAAP loss from operations was $67.4 million, or 34% of total revenue, compared to $44.9 million, or 36% of total revenue, in the fourth quarter of fiscal 2020. Non-GAAP income from operations was $20.6 million, or 10% of total revenue, compared to $12.4 million, or 10% of total revenue, in the fourth quarter of fiscal 2020.Net income (loss): GAAP net loss was $81.0 million, compared to $49.5 million in the fourth quarter of fiscal 2020. Non-GAAP net income was $20.3 million, compared to $12.0 million in the fourth quarter of fiscal 2020.Net income (loss) per share: GAAP net loss per share was $0.59, compared to $0.38 in the fourth quarter of fiscal 2020. Non-GAAP net income per share was $0.14, compared to $0.08 in the fourth quarter of fiscal 2020.Cash flow: Cash provided by operations was $44.7 million, or 23% of revenue, compared to $31.6 million, or 25% of revenue, in the fourth quarter of fiscal 2020. Free cash flow was $27.7 million, or 14% of rev...