Summary by Futu AI
Zscaler reported strong Q4 FY2024 results with revenue reaching $592.9M, up 30% YoY, while calculated billings grew 27% to $910.8M. The company's non-GAAP net income rose to $140.6M from $100.9M YoY, with non-GAAP operating margin expanding to 22%. Free cash flow reached $136.3M, representing 23% of revenue.For full fiscal 2024, revenue increased 34% to $2.17B, with non-GAAP income from operations at $442.2M or 20% of revenue. The company achieved a significant milestone with its cloud platform surpassing half a trillion daily transactions. Deferred revenue grew 32% YoY to $1.89B, while cash and investments reached $2.41B.Looking ahead to Q1 FY2025, Zscaler expects revenue between $604M-$606M and non-GAAP income from operations of $114M-$116M. For full FY2025, the company projects revenue of $2.60B-$2.62B with calculated billings of $3.11B-$3.14B.