Zscaler Inc. (NASDAQ: (ZS) stock declined by 2.51% at the last close whereas the ZS stock price surged by 4.82% in the premarket trading session. Zscaler helps companies become more agile, efficient, robust, and secure by accelerating digital transformation. By safely linking users, devices, and applications in any place, the Zscaler Zero Trust Exchange protects thousands of clients from cyber-attacks and data loss.
ZS stock’ Financial Highlights
Zscaler announced its financial results for the first quarter of fiscal 2022. Given below is the summary:
- The first quarter of fiscal 2022 brought in $230.5 million in revenue, up 62 percent year over year.
- In the first quarter of fiscal 2021, GAAP loss from operations was $74.4 million, or 32 percent of total sales, relative to $42.7 million, or 30 percent of total revenue, in the prior year. Non-GAAP income from operations was $23.9 million, or 10% of total sales, in the first quarter of fiscal 2021, relative to $19.7 million, or 14% of total revenue, in the previous quarter.
- In the first quarter of fiscal 2021, GAAP net loss was $90.8 million, opposed to $55.0 million the previous year. Non-GAAP net income was $21.0 million in the first quarter of fiscal 2021, up from $20.0 million the previous quarter.
- In Q1 of fiscal 2021, cash supplied by operations was $93.3 million, or 40% of revenue, relative to $53.5 million, or 38% of sales, in the first quarter of fiscal 2020.
- As of October 31, 2021, cash, cash equivalents, and short-term investments totaled $1,584.6 million, up to $82.1 million from July 31, 2021.
Future Outlook
- For the second quarter and full-year fiscal 2022, the company is expecting a revenue between $240 million- $242 million and $1.00 billion- $1.01 billion, respectively.
- Non-GAAP income for the second quarter of fiscal 2022 would be $20 million to $21 million however for the full-year fiscal 2022 the non-GAAP net income is expected to be around $90 million to $93 million.
- The anticipated Non-GAAP net income per share for the second quarter and full-year fiscal 2022 is $0.11 and $0.50 to $0.52 respectively.
