Zscaler Inc ( ZS ) reported financial results for its fourth quarter after the market close on Tuesday. Here’s a look at the key metrics from the quarter.
Q4 Results: Zscaler ( ZS ) reported fiscal fourth-quarter revenue of $592.9 million, beating the consensus estimate of $567.933 million. The cybersecurity company reported adjusted earnings of 88 cents per share, beating analyst estimates of 69 cents per share, according to Benzinga Pro.
Total revenue was up 30% on a year-over-year basis. Deferred revenue increased 32% year-over-year to $1.895 billion. Calculated billings grew 27% year-over-year to $910.8 million.
Cash flow from operations totaled $203.6 million in the quarter. The company generated $136.3 million of free cash flow in the fourth quarter, up from $101.3 million in the prior year's quarter. Zscaler ( ZS ) ended the quarter with approximately $2.41 billion in cash, equivalents and short-term investments.
“We ended a successful Fiscal 2024 with Q4 results exceeding the high end of our guidance across all metrics,” said Jay Chaudhry, chairman and CEO of Zscaler ( ZS ).
“Customers adoption of our Zero Trust Exchange platform is stronger than ever, and I’m thrilled to share that we have achieved a major milestone with our cloud platform surpassing over half a Trillion transactions daily. I’m excited about the year ahead, as we enter Fiscal 2025 with a strong go-to-market machine and a high pace of innovation.”
See Also: 4 Reasons Why Hewlett Packard Investors Should Be Positive Into Q3 Earnings: Analyst
Outlook: Zscaler ( ZS ) expects fiscal first-quarter revenue to be in the range of $604 million to $606 million. The company sees first-quarter adjusted earnings of 62 cents to 63 cents per share.
Zscaler ( ZS ) expects full-year 2025 revenue of approximately $2.6 billion to $2.62 billion. The company anticipates full-year adjusted earnings of $2.81 to $2.87 per share.
Shares appear to be selling off in reaction to the company’s earnings guidance. Management will hold a conference call at 4:30 p.m. ET to further discuss the quarter.
ZS Price Action: Zscaler ( ZS ) shares were down 5.66% in Tuesday’s after-hours session, trading at $182 at the time of publication Tuesday, per Benzinga Pro.
Read Next:
Stock Of The Day: Berkshire Hathaway Trades Above Usual Range — Time To Sell The Warren Buffett Stock?