Categories AlphaGraphs, Earnings, Technology
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 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.
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.
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.
Most Popular
COVID-19 drove retailers up the digital path years ahead than anticipated
Earlier we looked into how, during the COVID-19 pandemic, retailers saw changing trends in terms of their assortments and how the acceleration of online shopping led many of them to
Snowflake (SNOW) creates a record as the most successful software IPO ever; stock more than doubles
Data is at the heart of business innovation. Recognizing this trend, companies are seeking ways to transform their businesses by capturing, analyzing, and mobilizing data. The public cloud is becoming
Adobe (ADBE) sees new tailwinds as virtual shift gathers steam
The second half has been highly rewarding for design software maker Adobe Inc. (NASDAQ: ADBE) amid stable demand for digital content solutions. The company has remained unaffected by the virus-related