Zscaler guidance tops estimates after Q3 results beat

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Zscaler guidance tops estimates after Q3 results beat
Credit: © Reuters.

Investing.com -- Zscaler reported Thursday fiscal third-quarter results that topped estimates and better-than-expected guidance for the current quarter as demand for cloud security continued to boost new business wins.

Zscaler Inc (NASDAQ: ZS ) fell more than 1% in afterhours following the report. 

The company reported EPS of $0.48 on revenue of $418.8 million, topping estimates for $0.42 and $411.7M, respectively.  

Calculated billings grew 40% year-over-year to $482.3M (NYSE: MMM )

Looking ahead, the company forecasts adjusted net income per share of approximately $0.49 on revenue of $429M to $431M, compared with estimates for $0.47 on revenue of $426.8M.

For 2023, adjusted net income per share was forecast in a range of $1.63 to $1.64 on revenue of $1.591 billion to $1.592B.

 

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