Zscaler (ZS) Tops Q1 EPS by 2c; Guides Higher

Zscaler (NASDAQ: ZS) reported Q1 EPS of $0.14, $0.02 better than the analyst estimate of $0.12. Revenue for the quarter came in at $230.5 million versus the consensus estimate of $208.43 million.

"CISOs and CIOs are looking to phase out legacy network security in favor of zero trust architecture, due to increasing cyber and ransomware risks and accelerating digital transformation. This architecture shift continues to drive strong demand for our Zero Trust Exchange platform,” said Jay Chaudhry, Chairman and CEO of Zscaler. “We delivered outstanding results for the first quarter, with year-over-year revenue growth accelerating to 62%. We recently achieved a significant milestone of surpassing $1 billion in annual recurring revenue (ARR), and are now focusing on achieving $5 billion in ARR.”

GUIDANCE:

Zscaler sees Q2 2022 EPS of $0.11, versus the consensus of $0.12. Zscaler sees Q2 2022 revenue of $240-242 million, versus the consensus of $221.15 million.

Zscaler sees FY2022 EPS of $0.50-$0.52, versus the consensus of $0.56. Zscaler sees FY2022 revenue of $1-1.01 billion, versus the consensus of $0.94156 billion.

For earnings history and earnings-related data on Zscaler (ZS) click here.

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