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Zscaler (ZS) reports 46% growth in Q4 revenue on growing digital transformation

Zscaler (NASDAQ: ZS) topped fourth quarter 2020 earnings and revenue estimates with a 46% growth in revenue. The cloud security firm’s adjusted earnings decreased to $0.05 per share from $0.07 per share in the prior year, but topped the consensus’ targets. ZS stock declined by 2% in the extended trading hours. “Businesses are digitally transforming […]

$ZS September 9, 2020 1 min read
NYSE
$ZS · Earnings
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Zscaler (NASDAQ: ZS) topped fourth quarter 2020 earnings and revenue estimates with a 46% growth in revenue. The cloud security firm’s adjusted earnings decreased to $0.05 per share from $0.07 per share in the prior year, but topped the consensus’ targets. ZS stock declined by 2% in the extended trading hours. “Businesses are digitally transforming […]

· September 9, 2020

Zscaler (NASDAQ: ZS) topped fourth quarter 2020 earnings and revenue estimates with a 46% growth in revenue. The cloud security firm’s adjusted earnings decreased to $0.05 per share from $0.07 per share in the prior year, but topped the consensus’ targets. ZS stock declined by 2% in the extended trading hours.

“Businesses are digitally transforming at a pace never seen before, and this is fueling adoption of the Zscaler Zero Trust Exchange platform and our strong fourth quarter and fiscal year results,” said CEO Jay Chaudhry.

Zscaler (ZS) Q4 2020 Earnings Infograph

On a GAAP basis, the San Jose, California-based firm posted a net loss of $0.38 per share, compared to a loss of $0.04 per share in the fourth quarter of fiscal 2019.

Also read: DocuSign (DOCU) reports a 45% revenue growth in Q2 2021

For the first quarter of fiscal 2021, Zscaler expects non-GAAP earnings per share to be approximately $0.05 to $0.06 and revenue in the range of $131 million to $133 million.

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For the fiscal year 2021, the company estimates non-GAAP earnings to be in the range of $0.28 to $0.30 per share and revenue to come in the range of $580 million to $590 million.

Looking forward to read what management and analysts discuss on quarterly results? Stay tuned here for Zscaler Q4 2020 earnings call transcript

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