Shares of Zscaler rose, following fiscal third quarter results of the cybersecurity software company.
The company incurred a loss of -43 cents a share compared with a loss of -15 cents a share in the year-earlier quarter. Excluding special items, adjusted profit was 15 cents a share. Analysts polled by FactSet expected a GAAP net loss of -45 cents a share, or an adjusted profit of 7 cents a share.
Revenue climbed to $176.4 million from $110.5 million in the year-ago quarter. Calculated billings, which is revenue plus deferred revenue acquired over the quarter, rose to $225 million from $131.3 million in the year-ago period. FactSet poll showed analysts’ expectations of $163.7 million for revenue and $185.4 million for billings.
Looking ahead, Zscaler projects adjusted earnings of 8 cents to 9 cents a share on revenue of $185 million to $187 million for the fiscal fourth quarter, and about 47 cents a share on revenue of $660 million to $664 million for the year. Analysts had expected earnings of 9 cents on revenue of $173.9 million for the fiscal fourth quarter, and 40 cents a share on revenue of $637.5 million for the year.