Press release
Zscaler Reports Fourth Quarter and Fiscal 2022 Financial Results
Fourth Quarter Highlights Revenue grows 61% year-over-year to $318.1 millionCalculated billings grows 57% year-over-year to $520.4 millionDeferred revenue
About this update from Zscaler Inc
[{"type":"text","content":"Fourth Quarter Highlights Revenue grows 61% year-over-year to $318.1 millionCalculated billings grows 57% year-over-year to $520.4 millionDeferred revenue grows 62% year-over-year to $1,021.1 millionGAAP net loss of $97.7 million compared to GAAP net loss of $81.0 million on a year-over-year basis Non-GAAP net income of $36.4 million compared to non-GAAP net income of $20.3 million on a year-over-year basis SAN JOSE, Calif., Sept. 08, 2022 (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, 2022. \"We delivered outstanding results for the fourth quarter with 61% revenue growth and 57% billings growth year over year, while driving operational efficiency across the company and delivering on Rule of 80 for the quarter and for the full year,\" said Jay Chaudhry, Chairman and CEO of Zscaler. \"Our customers are realizing immense value from the new, innovative services and advanced capabilities being integrated into our Zero Trust security platform. Despite the uncertain macroeconomic landscape which continues to evolve, we continue to see favorable demand for our Zero Trust Exchange platform because it makes businesses more secure, simplifies IT, and reduces cost.” Fourth Quarter Fiscal 2022 Financial Highlights Revenue: $318.1 million, an increase of 61% year-over-year.Income (loss) from operations: GAAP loss from operations was $82.5 million, or 26% of total revenue, compared to $67.4 million, or 34% of total revenue, in the fourth quarter of fiscal 2021. Non-GAAP income from operations was $38.1 million, or 12% of total revenue, compared to $20.6 million, or 10% of total revenue, in the fourth quarter of fiscal 2021.Net income (loss): GAAP net loss was $97.7 million, compared to $81.0 million in the fourth quarter of fiscal 2021. Non-GAAP net income was $36.4 million, compared to $20.3 million in the fourth quarter of fiscal 2021.Net income (loss) per share: GAAP net loss per share was $0.69, compared to $0.59 in the fourth quarter of fiscal 2021. Non-GAAP net income per share was $0.25, compared to $0.14 in the fourth quarter of fiscal 2021.Cash flow: Cash provided by operations was $103.1 million, or 32% of revenue, compared to $44.7 million, or 23% of revenue, in the fourth quarter of fiscal 2021. Free cash f...