© Reuters. Zscaler Shares Up 11% on Q4 Beat & Better Than Expected Revenue Outlook
By Davit Kirakosyan
Zscaler (NASDAQ:) shares rose more than 11% after-hours following the company’s reported , with EPS of $0.25 coming in better than the consensus estimate of $0.21. Revenue grew 61% year-over-year to $318.1 million, compared to the consensus estimate of $305.43 million.
“Despite the uncertain macroeconomic landscape which continues to evolve, we continue to see favorable demand for our Zero Trust Exchange platform because it makes businesses more secure, simplifies IT, and reduces cost,” said Jay Chaudhry, Chairman and CEO of Zscaler.
The company expects Q1/23 EPS of $0.26. Revenue is expected to be in the range of $339-341 million, better than the consensus estimate of $324.8 million.
For the full 2023-year, the company expects EPS to be in the range of $1.16-$1.18. Revenue is expected in the range of $1.49-1.5 billion, better than the consensus estimate of $1.47 billion.
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