Changes for page Zscaler Inc

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16 16  Zscaler (Nasdaq: ZS) creator of the Zero Trust Exchange platform, uses the largest security cloud on the planet to make doing business and navigating change a simpler, faster, and more productive experience.
17 17  
18 18  
19 += Recent Developments =
19 19  
20 -Recent Developments
21 +**Zscaler Becomes Member of Joint Cyber Defense Collaborative**{{footnote}}https://ir.zscaler.com/news-releases/news-release-details/zscaler-becomes-member-joint-cyber-defense-collaborative-enhance{{/footnote}}
21 21  
22 -Zscaler Becomes Member of Joint Cyber Defense Collaborative
23 -
24 -[[https:~~/~~/ir.zscaler.com/news-releases/news-release-details/zscaler-becomes-member-joint-cyber-defense-collaborative-enhance>>url:https://ir.zscaler.com/news-releases/news-release-details/zscaler-becomes-member-joint-cyber-defense-collaborative-enhance]]
25 -
26 26  Dec 19, 2022; Zscaler Becomes Member of Joint Cyber Defense Collaborative to Enhance Cybersecurity Posture of U.S. and Strategic International Partners
27 27  
28 28  
29 29  Zscaler, Inc. announced its membership in the Joint Cyber Defense Collaborative (JCDC), underscoring the company’s commitment to improving the nation’s cyber resiliency. JCDC, established by the Cybersecurity and Infrastructure Security Agency (CISA) in 2021, leads the development and implementation of joint cyber defense plans and operations through critical partnerships with the private sector, Federal government and state, local, tribal and territorial governments. Zscaler will work with JCDC to enhance the collective cybersecurity posture of the United States and strategic international partners.
30 30  
28 +
31 31  As the operator of the world’s largest in-line security cloud, Zscaler and the Zscaler ThreatLabz research team will analyze unique threat telemetry from 270+ billion transactions and 250,000 cloud updates per day – securing users globally. Additionally, Zscaler will participate in future cyber strategy planning with JCDC and its members.
32 32  
33 33  
34 -Zscaler Acquires ShiftRight
32 +**Zscaler Acquires ShiftRight**{{footnote}}https://ir.zscaler.com/news-releases/news-release-details/zscaler-acquires-shiftright-integrate-security-workflow{{/footnote}}
35 35  
36 -[[https:~~/~~/ir.zscaler.com/news-releases/news-release-details/zscaler-acquires-shiftright-integrate-security-workflow>>url:https://ir.zscaler.com/news-releases/news-release-details/zscaler-acquires-shiftright-integrate-security-workflow]]
34 +Sep 29, 2022; Zscaler, Inc. announced it has completed its acquisition of ShiftRight, a leader in closed loop security workflow automation. ShiftRight’s workflow automation technology is currently being integrated into the Zscaler Zero Trust Exchange™ cloud security platform to automate security management for the growing influx of risks and incidents organizations are experiencing. This integration will provide a simple, sophisticated solution to reduce incident resolution time dramatically.
37 37  
38 -Sep 29, 2022;  Zscaler, Inc. announced it has completed its acquisition of ShiftRight, a leader in closed loop security workflow automation. ShiftRight’s workflow automation technology is currently being integrated into the Zscaler Zero Trust Exchange™ cloud security platform to automate security management for the growing influx of risks and incidents organizations are experiencing. This integration will provide a simple, sophisticated solution to reduce incident resolution time dramatically.
39 39  
40 40  
38 +[[image:ZS1.jpg]]
41 41  
42 -Financial Highlights
43 43  
44 -First Quarter Fiscal 2023 Results
41 += Financial Highlights =
45 45  
46 -[[https:~~/~~/ir.zscaler.com/news-releases/news-release-details/zscaler-reports-first-quarter-fiscal-2023-financial-results>>url:https://ir.zscaler.com/news-releases/news-release-details/zscaler-reports-first-quarter-fiscal-2023-financial-results]]
43 +**First Quarter Fiscal 2023 Results**
47 47  
48 -Dec 01, 2022; Zscaler, Inc. announced financial results for its first quarter of fiscal year 2023, ended October 31, 2022.
45 +Dec 01, 2022; Zscaler, Inc. announced financial results for its first quarter of fiscal year 2023, ended October 31, 2022.{{footnote}}https://ir.zscaler.com/news-releases/news-release-details/zscaler-reports-first-quarter-fiscal-2023-financial-results{{/footnote}}
49 49  
50 50  
51 51  Revenue: $355.5 million, an increase of 54% year-over-year.
52 52  
50 +
53 53  Income (loss) from operations: GAAP loss from operations was $69.1 million, or 19% of total revenue, compared to $74.4 million, or 32% of total revenue, in the first quarter of fiscal 2022. Non-GAAP income from operations was $42.1 million, or 12% of total revenue, compared to $23.9 million, or 10% of total revenue, in the first quarter of fiscal 2022.
54 54  
53 +
55 55  Net income (loss): GAAP net loss was $68.2 million, compared to $90.8 million in the first quarter of fiscal 2022. Non-GAAP net income was $44.0 million, compared to $21.0 million in the first quarter of fiscal 2022.
56 56  
56 +
57 57  Net income (loss) per share: GAAP net loss per share was $0.48, compared to $0.65 in the first quarter of fiscal 2022. Non-GAAP net income per share was $0.29, compared to $0.14 in the first quarter of fiscal 2022.
58 58  
59 +
59 59  Cash flow: Cash provided by operations was $128.5 million, or 36% of revenue, compared to $93.3 million, or 40% of revenue, in the first quarter of fiscal 2022. Free cash flow was $95.6 million, or 27% of revenue, compared to $83.4 million, or 36% of revenue, in the first quarter of fiscal 2022.
60 60  
62 +
61 61  Deferred revenue: $1,005.7 million as of October 31, 2022, an increase of 55% year-over-year.
62 62  
65 +
63 63  Cash, cash equivalents and short-term investments: $1,824.8 million as of October 31, 2022, an increase of $93.5 million from July 31, 2022.
64 64  
65 65  
66 -For the full year fiscal 2023, the company expect:
69 +**For the full year fiscal 2023, the company expect:**
67 67  
68 -Total revenue of approximately $1.525 billion to $1.530 billion
71 +* Total revenue of approximately $1.525 billion to $1.530 billion
72 +* Calculated billings of $1.930 billion to $1.940 billion. First half mix of billings to be approximately 43% of full-year
73 +* Non-GAAP income from operations of $179 million to $183 million
74 +* Non-GAAP net income per share of $1.23 to $1.25, assuming approximately 157 million common shares outstanding using the "if-converted" method for its senior convertible notes
69 69  
70 -Calculated billings of $1.930 billion to $1.940 billion. First half mix of billings to be approximately 43% of full-year
71 71  
72 -Non-GAAP income from operations of $179 million to $183 million
77 +**Full Year Fiscal 2022 Results**
73 73  
74 -Non-GAAP net income per share of $1.23 to $1.25, assuming approximately 157 million common shares outstanding using the "if-converted" method for its senior convertible notes
79 +* Revenue: $1,090.9 million, an increase of 62% year-over-year.{{footnote}}https://ir.zscaler.com/news-releases/news-release-details/zscaler-reports-fourth-quarter-and-fiscal-2022-financial-results{{/footnote}}
80 +* Income (loss) from operations: GAAP loss from operations was $327.4 million, or 30% of total revenue, compared to $207.8 million, or 31% of total revenue, in fiscal 2021. Non-GAAP income from operations was $111.6 million, or 10% of total revenue, compared to $78.0 million, or 12% of total revenue, in fiscal 2021.
81 +* Net income (loss): GAAP net loss was $390.3 million, compared to $262.0 million in fiscal 2021. Non-GAAP net income was $101.3 million, compared to $75.7 million in fiscal 2021.
82 +* Net income (loss) per share: GAAP net loss per share was $2.77, compared to $1.93 in fiscal 2021. Non-GAAP net income per share was $0.69, compared to $0.52 in fiscal 2021.
83 +* Cash flow: Cash provided by operations was $321.9 million, or 30% of revenue, compared to $202.0 million, or 30% of revenue, in fiscal 2021. Free cash flow was $231.3 million, or 21% of revenue, compared to $143.7 million, or 21% of revenue, in fiscal 2021.
75 75  
76 76  
77 -Full Year Fiscal 2022 Results
78 -
79 -[[https:~~/~~/ir.zscaler.com/news-releases/news-release-details/zscaler-reports-fourth-quarter-and-fiscal-2022-financial-results>>url:https://ir.zscaler.com/news-releases/news-release-details/zscaler-reports-fourth-quarter-and-fiscal-2022-financial-results]]
80 -
81 -Revenue: $1,090.9 million, an increase of 62% year-over-year.
82 -
83 -Income (loss) from operations: GAAP loss from operations was $327.4 million, or 30% of total revenue, compared to $207.8 million, or 31% of total revenue, in fiscal 2021. Non-GAAP income from operations was $111.6 million, or 10% of total revenue, compared to $78.0 million, or 12% of total revenue, in fiscal 2021.
84 -
85 -Net income (loss): GAAP net loss was $390.3 million, compared to $262.0 million in fiscal 2021. Non-GAAP net income was $101.3 million, compared to $75.7 million in fiscal 2021.
86 -
87 -Net income (loss) per share: GAAP net loss per share was $2.77, compared to $1.93 in fiscal 2021. Non-GAAP net income per share was $0.69, compared to $0.52 in fiscal 2021.
88 -
89 -Cash flow: Cash provided by operations was $321.9 million, or 30% of revenue, compared to $202.0 million, or 30% of revenue, in fiscal 2021. Free cash flow was $231.3 million, or 21% of revenue, compared to $143.7 million, or 21% of revenue, in fiscal 2021.
90 -
91 -
92 92  Revenue increased by $417.8 million, or 62%, in fiscal 2022, compared to fiscal 2021. The increase in revenue was driven by an increase in users and sales of additional subscriptions to existing customers, which contributed $337.6 million in additional revenue. The remainder of the increase was attributable to the addition of new customers, as the company increased its customer base by 20% from July 31, 2021 to July 31, 2022.
93 93  
88 +
94 94  Cost of revenue increased by $92.0 million, or 61%, in fiscal 2022, compared to fiscal 2021. The overall increase in cost of revenue was driven primarily by the expanded use of its cloud platform by existing and new customers, which led to an increase of $42.4 million for data center and equipment related costs for hosting and operating its cloud platform.
95 95  
91 +
96 96  Sales and marketing expenses increased by $275.8 million, or 60%, for fiscal 2022, compared to fiscal 2021. Research and development expenses increased by $114.5 million, or 66%, for fiscal 2022, compared to fiscal 2021 as the company continued to develop and enhance the functionality of its cloud platform. General and administrative expenses increased by $55.2 million, or 57%, for fiscal 2022, compared to fiscal 2021. Interest income increased by $1.8 million, or 63%, for fiscal 2022, compared to fiscal 2021.
97 97  
98 98  
99 99  
96 +[[image:ZS2.png]]
100 100  
101 101  
102 -Company Overview
99 += Company Overview =
103 103  
104 -
105 105  The Zscaler Zero Trust Exchange™ is a cloud native platform that powers a complete security service edge (SSE) to connect users, workloads, and devices without putting them on the corporate network.
106 106  
107 107  
108 108  Zscaler was incorporated in 2007. The company generate revenue primarily from sales of subscriptions to access its cloud platform, together with related support services. The company also generate an immaterial amount of revenue from professional and other services, which consist primarily of fees associated with mapping, implementation, network design and training.
109 109  
106 +
110 110  As of July 31, 2022, the company had expanded its operations to over 6,700 customers across major industries, with users in 185 countries. Government agencies and some of the largest enterprises in the world rely on it to support their digital transformation, including more than 600 of the Forbes Global 2000 as of July 31, 2022.
111 111  
112 112  
113 -Products & Solutions
110 +== Products & Solutions ==
114 114  
115 -Platforms & Products
112 +**Platforms & Products**
116 116  
117 -Zero Trust Exchange
114 +* Zero Trust Exchange
115 +* Zscaler Client Connector
116 +* Zscaler Internet Access
117 +* Zscaler Private Access
118 +* Zscaler B2B
119 +* Zscaler Cloud Protection
120 +* Zscaler Digital Experience
118 118  
119 -Zscaler Client Connector
120 120  
121 -Zscaler Internet Access
123 +**Solutions**
122 122  
123 -Zscaler Private Access
125 +* Secure Work-from-Anywhere
126 +* Modern Workplace Enablement
127 +* Security Transformation
124 124  
125 -Zscaler B2B
126 126  
127 -Zscaler Cloud Protection
130 +**Technologies & Capabilities**
128 128  
129 -Zscaler Digital Experience
132 +* Secure Access Service Edge
133 +* Zero Trust Network Access
134 +* Secure Web Gateways
135 +* Cloud Firewall
136 +* Cloud Sandbox
137 +* Cloud IPS
138 +* Cloud DLP
139 +* Cloud Browser Isolation
140 +* Cloud Identity and Entitlements
141 +* CASB
142 +* SSL Inspection
143 +* Advanced Threat Protection
144 +* Bandwidth Control
145 +* Machine Learning Security
130 130  
131 131  
132 -Solutions
148 += References =
133 133  
134 -Secure Work-from-Anywhere
135 -
136 -Modern Workplace Enablement
137 -
138 -Security Transformation
139 -
140 -
141 -Technologies & Capabilities
142 -
143 -Secure Access Service Edge
144 -
145 -Zero Trust Network Access
146 -
147 -Secure Web Gateways
148 -
149 -Cloud Firewall
150 -
151 -Cloud Sandbox
152 -
153 -Cloud IPS
154 -
155 -Cloud DLP
156 -
157 -Cloud Browser Isolation
158 -
159 -Cloud Identity and Entitlements
160 -
161 -CASB
162 -
163 -SSL Inspection
164 -
165 -Advanced Threat Protection
166 -
167 -Bandwidth Control
168 -
169 -Machine Learning Security
170 -
171 -
172 -References
150 +{{putFootnotes/}}
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