Zscaler Posts Q3 Earnings Beat and Raise, Shares Up Modestly

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Zscaler Posts Q3 Earnings Beat and Raise, Shares Up Modestly
Credit: © Reuters.

By Davit Kirakosyan

Zscaler (NASDAQ: ZS ) reported its Q3 results , with EPS of $0.17 coming in better than the Street estimate of $0.11. Revenue grew 63% year-over-year to $286.8 million, beating the consensus estimate of $271.38 million. Calculated billings increased 54% year-over-year to $345.6 million.

Shares of Zscaler rose 1% following the results.

The company expects Q4/22 EPS to be in the range of $0.20-$0.21, compared to the consensus of $0.17, and revenue in the range of $304-306 million, compared to the consensus of $291.02 million.

For the full 2022-year, the company expects EPS to be in the range of $0.64-$0.65, compared to the consensus of $0.55, and revenue in the range of $1.078 billion, compared to the consensus of $1.05 billion.

Shares of Zscaler were down 56% year-to-date into the results.

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