Zscaler Q3 Earnings: Revenue, EPS Exceed Estimates Driven By 'Growing Customer Interest' In Zero Trust Exchange Platform
Portfolio Pulse from Adam Eckert
Zscaler Inc (NASDAQ:ZS) reported strong fiscal third-quarter results, with revenue and earnings per share (EPS) exceeding estimates. The company saw a 32% year-over-year increase in revenue to $553.2 million and adjusted EPS of 88 cents, beating analyst estimates. Zscaler's calculated billings grew 30% year-over-year, and the company ended the quarter with $2.24 billion in cash and equivalents. The company provided positive guidance for the fourth quarter and full year, driving a 14.62% increase in its share price after hours.
May 30, 2024 | 9:01 pm
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Zscaler reported strong Q3 results, with revenue and EPS exceeding estimates. The company provided positive guidance for Q4 and the full year, leading to a 14.62% increase in its share price after hours.
Zscaler's strong financial performance, including revenue and EPS exceeding estimates, along with positive guidance for the upcoming quarter and full year, has led to a significant increase in its share price. The company's growth in calculated billings and deferred revenue, as well as its strong cash position, further support the positive outlook.
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