Zscaler Reports Second Quarter Fiscal 2024 Financial Results
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Zscaler (ZS) down as decelerating NRR overshadows Q2 beat and raised outlook
February 29, 2024 4:28 PM ESTZscaler (NASDAQ: ZS) reported Q2 earnings and revenue that topped analysts' expectations and hiked its guidance for the full fiscal 2024.
Shares fell nearly 7% in premarket trading Friday.
For the FQ2 2024, the company posted EPS of $0.76, beating the consensus estimate of $0.58. Revenue for the quarter also surpassed projections, coming in at $525 million compared to the consensus estimate of $507.58 million.
ZS reported a 27% year-over-year increase in calculated billings, reaching $627.6 million.
Total operating expenses increased to $453.3 million during the period, up from $365.2 million in the same quarter last year.
For the upcoming third... More
Zscaler (ZS) Tops Q2 EPS by 18c, Updates Guidance
February 29, 2024 4:11 PM ESTZscaler (NASDAQ: ZS) reported Q2 EPS of $0.76, $0.18 better than the analyst estimate of $0.58. Revenue for the quarter came in at $525 million versus the consensus estimate of $507.58 million.
GUIDANCE:
Zscaler sees Q3 2024 EPS of $0.64-$0.65, versus the consensus of $0.58. Zscaler sees Q3... More
