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Zscaler revenue grows 57% year-over-year to $197.1 million in Q4

The company reported a non-GAAP net income of $20.3 million in Q4.
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Written by Jonathan Greig, Staff Writer on

Cybersecurity firm Zscaler reported fiscal Q4 revenue and profit that topped Wall Street analysts' expectations this afternoon.

Revenue in the quarter rose 57% year over year to $197.1 million, yielding a profit of 14 cents a share. 

Non-GAAP net income reached $20.3 million in the quarter. The report sent Zscaler shares up nearly 2% in late trading. 

Zscaler CEO Jay Chaudhry said the company had a "record number of large deals across diverse sectors" that drove the revenue growth and a 70% increase in billings year over year.

"Enterprises of all sizes are adopting Zscaler's Zero Trust Exchange to accelerate their secure digital transformation journey as they turn away from legacy castle-and-moat security," Chaudhry said. 

"We continue to invest and innovate across all our product pillars and help our customers adopt a Zero Trust architecture designed to secure the cloud and mobile world."

Analysts had been modeling $186.82 million and 9 cents per share.

For the current quarter, the company expects revenue of $210 million to $212 million and EPS around 12 cents. 

For the full-year fiscal 2022, the company predicted revenue in a range of $940 million to $950 million and EPS ranging from $0.52 to $0.56. 

This quarter the company announced integration with ServiceNow and was selected as a partner for the new Zero Trust Architecture Project by NIST's National Cybersecurity Center of Excellence (NCCoE).

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