Press release
Zscaler Reports Third Quarter Fiscal 2022 Financial Results
Third Quarter Highlights Revenue grows 63% year-over-year to $286.8 millionCalculated billings grows 54% year-over-year to $345.6 millionDeferred revenue
About this update from Zscaler Inc
[{"type":"text","content":"Third Quarter Highlights Revenue grows 63% year-over-year to $286.8 millionCalculated billings grows 54% year-over-year to $345.6 millionDeferred revenue grows 65% year-over-year to $818.7 millionGAAP net loss of $101.4 million compared to GAAP net loss of $58.5 million on a year-over-year basis Non-GAAP net income of $24.7 million compared to non-GAAP net income of $21.4 million on a year-over-year basis SAN JOSE, Calif., May 26, 2022 (GLOBE NEWSWIRE) -- Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its third quarter of fiscal year 2022, ended April 30, 2022. \"Enterprises continue to consolidate point products in favor of our integrated Zero Trust security platform, resulting in larger, multi-year commitments to Zscaler. We delivered 63% revenue growth and 54% billings growth, while also generating a strong free cash flow margin of 15% for the third quarter. As a result of increasing demand, we are also raising our fiscal year guidance on all financial metrics,” said Jay Chaudhry, Chairman and CEO of Zscaler. “Demanding enterprises look to Zscaler as their strategic partner of choice in their Zero Trust journey, as the world races towards network and security transformation.” Third Quarter Fiscal 2022 Financial Highlights Revenue: $286.8 million, an increase of 63% year-over-year.Income (loss) from operations: GAAP loss from operations was $86.6 million, or 30% of total revenue, compared to $43.9 million, or 25% of total revenue, in the third quarter of fiscal 2021. Non-GAAP income from operations was $27.2 million, or 9% of total revenue, compared to $22.9 million, or 13% of total revenue, in the third quarter of fiscal 2021.Net income (loss): GAAP net loss was $101.4 million, compared to $58.5 million in the third quarter of fiscal 2021. Non-GAAP net income was $24.7 million, compared to $21.4 million in the third quarter of fiscal 2021.Net income (loss) per share: GAAP net loss per share was $0.72, compared to $0.43 in the third quarter of fiscal 2021. Non-GAAP net income per share was $0.17, compared to $0.15 in the third quarter of fiscal 2021.Cash flow: Cash provided by operations was $77.2 million, or 27% of revenue, compared to $73.4 million, or 42% of revenue, in the third quarter of fiscal 2021. Free cash flow was $43.7 million, or 15% of revenue, compared to $55.8 mi...