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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.
Written by Jonathan Greig, Contributor

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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