Business
Zscaler Reports Second Quarter Fiscal 2020 Financial Results
Revenue grows 36% year-over-year to $101.3 millionCalculated billings grow 18% year-over-year to $135.4 millionDeferred revenue grows 36% year-over-year to
About this update from Zscaler Inc
[{"type":"text","content":"Revenue grows 36% year-over-year to $101.3 millionCalculated billings grow 18% year-over-year to $135.4 millionDeferred revenue grows 36% year-over-year to $280.0 millionGAAP net loss of $29.2 million compared to GAAP net loss of $3.6 million on a year-over-year basis Non-GAAP net income of $12.0 million compared to non-GAAP net income of $11.6 million on a year-over-year basis SAN JOSE, Calif., Feb. 20, 2020 (GLOBE NEWSWIRE) -- Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its second quarter of fiscal year 2020, ended January 31, 2020.\n \"In the quarter, we delivered strong earnings results while making tremendous progress on our go-to-market initiatives,\" said Jay Chaudhry, Chairman and CEO of Zscaler. \"Momentum is continuing to build across our business as our customers embrace and accelerate their cloud transformation.\" Second Quarter Fiscal 2020 Financial Highlights Revenue: $101.3 million, an increase of 36% year-over-year.Income (loss) from operations: GAAP loss from operations was $30.3 million, or 30% of total revenue, compared to $5.2 million, or 7% of total revenue, in the second quarter of fiscal 2019. Non-GAAP income from operations was $10.9 million, or 11% of total revenue, compared to $10.0 million, or 13% of total revenue, in the second quarter of fiscal 2019.Net income (loss): GAAP net loss was $29.2 million, compared to $3.6 million in the second quarter of fiscal 2019. Non-GAAP net income was $12.0 million, compared to $11.6 million in the second quarter of fiscal 2019.Net income (loss) per share: GAAP net loss per share was $0.23, compared to $0.03 in the second quarter of fiscal 2019. Non-GAAP net income per share was $0.09, compared to $0.09 in the second quarter of fiscal 2019.Cash flow: Cash provided by operations was $5.4 million, or 5% of revenue, compared to $15.7 million, or 21% of revenue, in the second quarter of fiscal 2019. Free cash flow was negative $1.9 million, or negative 2% of revenue, compared to free cash flow of $12.0 million, or 16% of revenue, in the second quarter of fiscal 2019. Decrease in free cash flow was primarily due to a $15.0 million cash payment as a result of a legal settlement agreement. Excluding this settlement, free cash flow would have been $13.1 million, or 13% of revenue.Deferred revenue: $280.0 million as of Janu...