Zscaler delivered robust financial results for fiscal year 2024, with revenue increasing 34% year-over-year to $2.17 billion, up from $1.62 billion in FY2023. The company's net loss narrowed significantly to $57.7 million from $202.3 million in the previous year. Subscription and support revenue accounted for approximately 97% of total revenue, while maintaining a strong gross margin of 78%.The company continued to expand its global customer base, growing to over 8,650 customers across major industries, including approximately 35% of the Forbes Global 2000. International revenue remained strong, with markets outside the United States contributing about 50% of total revenue. The dollar-based net retention rate was 115%, reflecting successful customer expansion and upsell strategies.Looking ahead, Zscaler maintains a solid financial position with $2.41 billion in cash, cash equivalents and short-term investments as of July 31, 2024. The company continues to invest significantly in research and development, which increased 43% to $499.8 million, focusing on enhancing its cloud platform capabilities and integrating artificial intelligence technologies. Zscaler's Zero Trust Exchange platform processed over 500 billion transactions daily across more than 160 data centers globally.

Zscaler delivered robust financial results for fiscal year 2024, with revenue increasing 34% year-over-year to $2.17 billion, up from $1.62 billion in FY2023. The company's net loss narrowed significantly to $57.7 million from $202.3 million in the previous year. Subscription and support revenue accounted for approximately 97% of total revenue, while maintaining a strong gross margin of 78%.The company continued to expand its global customer base, growing to over 8,650 customers across major industries, including approximately 35% of the Forbes Global 2000. International revenue remained strong, with markets outside the United States contributing about 50% of total revenue. The dollar-based net retention rate was 115%, reflecting successful customer expansion and upsell strategies.Looking ahead, Zscaler maintains a solid financial position with $2.41 billion in cash, cash equivalents and short-term investments as of July 31, 2024. The company continues to invest significantly in research and development, which increased 43% to $499.8 million, focusing on enhancing its cloud platform capabilities and integrating artificial intelligence technologies. Zscaler's Zero Trust Exchange platform processed over 500 billion transactions daily across more than 160 data centers globally.