Zscaler Inc.
Zscaler Announces Second Quarter Fiscal 2024 Financial Results
Summary
Zscaler, Inc. announced its second quarter fiscal 2024 financial results on February 29, 2024, reporting a 35% year-over-year increase in revenue to $525.0 million. The company also saw a 27% year-over-year growth in calculated billings to $627.6 million. Non-GAAP net income was $121.1 million compared to $57.6 million in the same period last year, and GAAP net loss was $28.5 million. Deferred revenue grew 35% year-over-year to $1,502.2 million. The company provided financial guidance for the third quarter and full year fiscal 2024, expecting revenue between $534 million to $536 million and $2.118 billion to $2.122 billion, respectively.
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About Zscaler Inc.
Zscaler Inc. is a pioneering entity in the cybersecurity sector, primarily offering cloud-based information security services. The company specializes in providing secure internet access and private application access using its Zero Trust Exchange platform, which essentially replaces traditional network security architectures with a model built for the cloud era. Zscaler caters to businesses aiming to protect their digital assets by enabling secure, fast, and reliable connections for mobile workforce, IoT, and partner ecosystems. Its platform helps organizations reduce complexity, lower costs, and enhance security by inspecting all internet traffic through its distributed worldwide data centers. As the global shift towards remote work and cloud computing accelerates, Zscaler plays a critical role in ensuring organizational agility and safeguarding data against evolving cyber threats, thereby positioning itself as a crucial player in the technology sector and an influential component of the cybersecurity market.
Official SEC Documents
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