Zscaler (ZS) Q4 Revenues Grow 57%, Billings Up 70%

Zscaler (NASDAQ: ZS) delivered strong Q4 results, with EPS coming in at $0.14, beating the consensus estimate of $0.09. Quarterly revenue grew 57% year-over-year to $197.1 million, better than the consensus estimate of $186.82 million. The company's calculated billings increased 70% year-over-year in Q4 to $332.2 million.

CEO Jay Chaudhry said enterprises are adopting its Zero Trust Exchange to accelerate their secure digital transformation.

The cybersecurity firm also provided Q1/22 outlook, estimating the EPS to be $0.12, in line with the Street, and revenue to range from $210 to 212 million, higher than the consensus estimate of $199.7 million.

For the full 2022-year, the company expects EPS to be between $0.52 and $0.56, versus the consensus of $0.56, and revenue to range from $940 to 950 million, above the consensus estimate of $905.8 million.

Shares of ZS are up 2% after-hours following the results.

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