Zscaler reported a 26% YoY increase in revenue to $628 million for the quarter ending October 31, 2024, driven by increased subscriptions and a 12% rise in customer base. Net loss narrowed to $12.1 million from $33.5 million in the previous year. The company maintained a gross margin of 77% despite increased operating costs. Management highlighted the impact of macroeconomic conditions on customer purchasing decisions, leading to elongated sales cycles. Zscaler continues to invest in sales, marketing, and R&D to enhance its cloud platform and expand its market presence. The company entered a $300 million agreement with a cloud provider to support future growth. Looking ahead, Zscaler anticipates continued net losses as it invests in business growth. The company remains optimistic about increasing demand for its cloud platform, driven by digital transformation trends. However, it acknowledges potential risks from economic uncertainties and customer spending caution.

Zscaler reported a 26% YoY increase in revenue to $628 million for the quarter ending October 31, 2024, driven by increased subscriptions and a 12% rise in customer base. Net loss narrowed to $12.1 million from $33.5 million in the previous year. The company maintained a gross margin of 77% despite increased operating costs. Management highlighted the impact of macroeconomic conditions on customer purchasing decisions, leading to elongated sales cycles. Zscaler continues to invest in sales, marketing, and R&D to enhance its cloud platform and expand its market presence. The company entered a $300 million agreement with a cloud provider to support future growth. Looking ahead, Zscaler anticipates continued net losses as it invests in business growth. The company remains optimistic about increasing demand for its cloud platform, driven by digital transformation trends. However, it acknowledges potential risks from economic uncertainties and customer spending caution.