Zscaler Reports Narrower-Than-Expected Loss, Revenue Tops Views
https://www.nasdaq.com/press-release/zscaler-reports-fourth-…
•Fourth quarter revenue grows 54% year-over-year to $56.2 million; fiscal 2018 revenue grows 51% year-over-year to $190.2 million
•Fourth quarter calculated billings grows 72% year-over-year to $95.4 million; fiscal 2018 calculated billings grows 65% year-over-year to $257.6 million
•Cash, cash equivalents and short-term investments of $298.5 million and no debt
“I am very proud of our team for achieving record financial results - strong revenue and billings growth and positive free cash flow. We believe they further validate our product offerings, and we are executing well.” said Jay Chaudhry, Chairman and CEO of Zscaler. “Enterprises are leveraging our born-in-the cloud architecture, purpose-built for local internet breakouts, resulting in significant sales of our high-end Transformation bundle. In addition, with the rapid uptake of our complementary ZPATM service, enterprises are relying on us to enforce business and security policy for their users to access applications and services on the internet, SaaS, public cloud or internal data center.”
Continued…
Dominic
long ZS