Zscaler (ZS) Jumps After Topping Profit, Sale, and Outlook Estimates to Prompt an Upgrade to 'Outperform' at BMO

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Go back to Zscaler (ZS) Jumps After Topping Profit, Sale, and Outlook Estimates to Prompt an Upgrade to 'Outperform' at BMO

Zscaler Reports Third Quarter Fiscal 2021 Financial Results

May 25, 2021 4:05 PM EDT

Third Quarter Highlights

Revenue grows 60% year-over-year to $176.4 millionCalculated billings grows 71% year-over-year to $225.0 millionDeferred revenue grows 65% year-over-year to $495.4 millionGAAP net loss of $58.5 million compared to GAAP net loss of $19.3 million on a year-over-year basis Non-GAAP net income of $21.4 million compared to non-GAAP net income of $10.3 million on a year-over-year basis... More