Zscaler Posts Q3 Earnings Beat and Raise, Shares Up Modestly -Breaking
By Davit Kirakosyan
Zscaler reported its (NASDAQ:), with an EPS of $0.17 better than Street estimates of $0.11. Year-over-year revenue increased 63% to $286.8million. This was higher than the consensus estimate which was $271.38million. The calculated billings rose 54% to $345.6 Million, an increase of 54% over the previous year.
Zscaler’s shares increased by 1% after the results.
Company expects Q4/22 to have EPS in the $0.20 to $0.0.21 range, which compares to $0.17 and revenue between $304-306million, compared with the consensus figure of $291.02 millions.
The company projects that EPS for the entire 2022 year will range between $0.64 to $0.65, compared against the consensus $0.55 and revenue of $1.078 to 1.00 billion, compared towards the consensus $1.05 billion.
Zscaler’s shares fell 56% in the year to-date.