Business
Zscaler Reports Third Quarter Fiscal 2020 Financial Results
Revenue grows 40% year-over-year to $110.5 millionCalculated billings grow 55% year-over-year to $131.3 millionDeferred revenue grows 42% year-over-year to
About this update from Zscaler Inc
[{"type":"text","content":"Revenue grows 40% year-over-year to $110.5 millionCalculated billings grow 55% year-over-year to $131.3 millionDeferred revenue grows 42% year-over-year to $300.8 millionGAAP net loss of $19.3 million compared to GAAP net loss of $12.2 million on a year-over-year basis Non-GAAP net income of $9.0 million compared to non-GAAP net income of $7.4 million on a year-over-year basis SAN JOSE, California, May 28, 2020 (GLOBE NEWSWIRE) -- Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its third quarter of fiscal year 2020, ended April 30, 2020.\n \"Our strong results are a reflection of our sales execution and the entire Zscaler team stepping up to help our customers succeed in these difficult times. The mitigation activities taken by every enterprise in response to the COVID-19 pandemic created an immediate need for strong security and access to the internet and business applications, all while working from anywhere,\" said Jay Chaudhry, Chairman and CEO of Zscaler. \"The digital transformation that is driving our business is further accelerating, and we believe the Zscaler cloud security platform is best positioned to help our customers thrive no matter where their teams are working.\" Third Quarter Fiscal 2020 Financial Highlights Revenue: $110.5 million, an increase of 40% year-over-year.Income (loss) from operations: GAAP loss from operations was $20.5 million, or 19% of total revenue, compared to $13.5 million, or 17% of total revenue, in the third quarter of fiscal 2019. Non-GAAP income from operations was $8.3 million, or 8% of total revenue, compared to $6.1 million, or 8% of total revenue, in the third quarter of fiscal 2019.Net income (loss): GAAP net loss was $19.3 million, compared to $12.2 million in the third quarter of fiscal 2019. Non-GAAP net income was $9.0 million, compared to $7.4 million in the third quarter of fiscal 2019.Net income (loss) per share: GAAP net loss per share was $0.15, compared to $0.10 in the third quarter of fiscal 2019. Non-GAAP net income per share was $0.07, compared to $0.05 in the third quarter of fiscal 2019.Cash flow: Cash provided by operations was $20.8 million, or 19% of revenue, compared to $13.5 million, or 17% of revenue, in the third quarter of fiscal 2019. Free cash flow was $9.1 million, or 8% of revenue, compared to $4.6 million, o...