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Zscaler Posts Q3 Earnings Beat and Raise, Shares Up Modestly -Breaking


© Reuters. Zscaler Reports Q3 Earnings Beat, Raises Shares Modestly

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.