Zscaler results, outlook exceed Wall Street expectations, stock ticks higher

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Zscaler Inc. late Thursday exceeded Wall Street expectations connected quarterly results and outlook, and the banal terms of the cybersecurity institution was up modestly successful the extended league aft much than doubling implicit the past year.

Zscaler  ZS, -0.16% reported a fiscal fourth-quarter nonaccomplishment of $81 million, oregon 59 cents a share, compared with a nonaccomplishment of $49.5 million, oregon 38 cents a share, successful the year-ago period. Adjusted nett income, which excludes stock-based compensation and different items, was 14 cents a share, compared with 8 cents a stock successful the year-ago period.

Revenue roseate to $197.1 cardinal from $125.9 cardinal successful the year-ago quarter. Calculated billings, which is gross positive deferred gross acquired implicit the quarter, roseate to $332.2 cardinal from $194.9 cardinal successful the year-ago period.

Analysts surveyed by FactSet had forecast net of 9 cents a stock connected gross of $186.8 cardinal and billings of $278.1 million.

“We delivered outstanding results for the 4th quarter, with a grounds fig of ample deals crossed divers sectors, driving 57% gross maturation and 70% billings maturation twelvemonth implicit year, finishing the fiscal twelvemonth with beardown concern momentum,” said Jay Chaudhry, Zscaler president and main executive, successful a statement.

Zscaler expects adjusted net of astir 12 cents a stock connected gross of $210 cardinal to $212 cardinal for the fiscal archetypal quarter, and 52 cents to 56 cents a stock connected gross of $940 cardinal to $950 cardinal for the twelvemonth and billings of $1.23 cardinal to $1.25 billion.

Analysts had forecast net of 12 cents connected gross of $199.4 cardinal for the fiscal archetypal quarter, and 54 cents a stock connected gross of $899.1 cardinal for the twelvemonth and billings of $1.15 cardinal for the year.

Shares roseate 1% aft hours, pursuing a 0.2% diminution successful the regular league to adjacent astatine $280.22. Then again, the banal is already up 109% implicit the past 12 months arsenic of Thursday’s close, compared with a 32% summation by the S&P 500 scale SPX, -0.46%,   a 37% beforehand for the tech-heavy Nasdaq Composite Index  COMP, -0.25%,   and a 39% emergence by the ETFMG Prime Cyber Security ETF  HACK, +0.14%.

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