Summary by Futu AI
On December 2, 2024, Zscaler announced its financial results for Q1 fiscal 2025, ending October 31, 2024. Revenue increased 26% YoY to $628 million, while calculated billings rose 13% YoY to $516.7 million. The company reported a GAAP net loss of $12.1 million, improved from a $33.5 million loss YoY; non-GAAP net income was $124.3 million, up from $86.4 million YoY.Zscaler's cloud security platform achieved a milestone of over half a trillion daily transactions. The company appointed Adam Geller as Chief Product Officer and announced AI and Zero Trust integrations with CrowdStrike and Okta. These initiatives aim to enhance security operations and accelerate Zero Trust transformation.For Q2 fiscal 2025, Zscaler expects revenue between $633 million and $635 million, with non-GAAP net income per share of $0.68 to $0.69. For the full fiscal year 2025, revenue is projected at $2.623 billion to $2.643 billion.