December 2, 2024 - 18:47
Zscaler, Inc. has announced impressive financial results for the first quarter of fiscal 2025, showcasing significant growth across multiple key metrics. The company's revenue has surged by 26% year-over-year, reaching a total of $628.0 million. This robust growth reflects the increasing demand for Zscaler's cloud-based security solutions in an ever-evolving digital landscape.
In addition to revenue growth, calculated billings also saw a notable increase, rising 13% year-over-year to $516.7 million. This indicates strong customer engagement and a solid pipeline for future revenue. Deferred revenue, a critical indicator of future earnings, grew by 27% year-over-year, totaling $1,783.7 million, further demonstrating the company's ongoing success.
While Zscaler reported a GAAP net loss of $12.1 million, this is a marked improvement compared to a loss of $33.5 million in the same period last year. On a non-GAAP basis, the company achieved a net income of $124.3 million, up from $86.4 million year-over-year, underscoring its operational efficiency and financial health.
