Zscaler Inc.
Zscaler Reports Strong Fiscal 2024 Results and Provides Fiscal 2025 Outlook
Summary
Zscaler, Inc. reported its financial results for the fourth quarter and full fiscal year ended July 31, 2024. The company saw a 30% increase in quarterly revenue to $592.9 million and a 34% increase in annual revenue to $2,167.8 million. Non-GAAP net income for the quarter was $140.6 million, and for the full year, it was $508.1 million. The company also provided an outlook for the first quarter and full fiscal year of 2025, expecting revenue between $2.60 billion to $2.62 billion and non-GAAP net income per share between $2.81 to $2.87. Additionally, Zscaler announced changes to its non-GAAP tax rate effective August 1, 2024.
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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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