Zscaler reports fourth quarter and fiscal year 2024 financial results

Fourth Highlights of the quarter

• Sales increased by 30% year-on-year to $592.9 million
• Estimated billings increase 27% year-on-year to $910.8 million
• Deferred revenue increases by 32% year-on-year to $1,895.0 million
• GAAP net loss of $14.9 million compared to GAAP net loss of 30.7 million US dollars compared to the previous year
• Non-GAAP net income of $140.6 million compared to non-GAAP net income of $100.9 million in the prior year.

SAN JOSE, Calif., Sept. 3, 2024 (GLOBE NEWSWIRE) — Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its fourth fiscal quarter and fiscal year ended July 31, 2024.

“We completed fiscal 2024 successfully, with fourth quarter results exceeding our guidance across the board,” said Jay Chaudhry, Chairman and CEO of Zscaler. “Customer adoption of our Zero Trust Exchange platform is stronger than ever, and I'm pleased to share that we've reached a major milestone with our cloud platform processing over half a trillion transactions daily. I'm excited about the year ahead as we enter fiscal 2025 with a strong go-to-market engine and a high pace of innovation.”