Zscaler reports Q4 EPS 64c, consensus 49c

Reports Q4 revenue $455.01M, consensus $430.38M. Calculated billings grew 38% year-over-year to $719.3M. Deferred revenue grew 41% year-over-year to $1,439.7M. “We concluded our fiscal year with strong top line growth and record operating profits. In less than two years, we doubled our annual recurring revenue, surpassing the $2 billion milestone. With cyber security as a high priority, IT executives are modernizing their legacy network security with our zero-trust architecture,” said Jay Chaudhry, Chairman and CEO of Zscaler. “Our customers are realizing tremendous value from the new services and advanced capabilities delivered on our Zero Trust Exchange(TM) platform. We will continue to invest to delight our customers with more product innovations to capture the large opportunities ahead of us.”