Exhibit 99.1

Zscaler Reports First Quarter Fiscal 2019 Financial Results

Revenue grows 59% year-over-year to $63.3 million
Calculated billings grow 56% year-over-year to $64.6 million
Deferred revenue grows 68% year-over-year to $165.3 million
GAAP net loss of $7.6 million compared to GAAP net loss of $11.4 million on a year-over-year basis
Non-GAAP net income of $2.0 million compared to Non-GAAP net loss of $7.5 million on a year-over-year basis
SAN JOSE, California. - December 4, 2018 - Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its first quarter of fiscal year 2019, ended October 31, 2018.
"We are executing on our vision and seeing good momentum in our business, as reflected in our strong first quarter financial results and increased outlook for the second quarter and full year fiscal 2019. We are seeing significant demand for our high-end Transformation bundle as well as rapid growth in Zscaler Private Access, as more enterprises embrace cloud transformation,” said Jay Chaudhry, Chairman and CEO of Zscaler. "We are very pleased with our operating results, which demonstrate the leverage in our business model. Going forward, we will continue to aggressively invest in our business to pursue our large market opportunity."
First Quarter Fiscal 2019 Financial Highlights
Revenue: $63.3 million, an increase of 59% year-over-year.
Income (loss) from operations: GAAP loss from operations was $8.7 million, or 14% of total revenue, compared to $11.3 million in the first quarter of fiscal 2018, or 28% of total revenue. Non-GAAP income from operations was $1.2 million, or 2% of total revenue, compared to loss from operations of $7.4 million in the first quarter of fiscal 2018, or 19% of total revenue.
Net Income (Loss): GAAP net loss was $7.6 million, compared to $11.4 million in the first quarter of fiscal 2018. Non-GAAP net income was $2.0 million, compared to net loss of $7.5 million in the first quarter of fiscal 2018.
Net Income (Loss) Per Share: GAAP net loss per share was $0.06, compared to $0.45 in the first quarter of fiscal 2018. Pro forma non-GAAP net income per share was $0.01, compared to net loss per share of $0.07 in the first quarter of fiscal 2018.
Cash Flow: Cash provided by operations was $11.0 million, or 17% of revenue, compared to cash used in operations of $4.4 million, or 11% of revenue, in the first quarter of fiscal 2018. Positive free cash flow was $5.2 million, or 8% of revenue, compared to negative free cash flow of $8.9 million, or 22% of revenue, in the first quarter of fiscal 2018.
Deferred Revenue: $165.3 million at October 31, 2018, an increase of 68% year-over-year.
Cash, cash equivalents and short-term investments: $314.0 million as of October 31, 2018, an increase of $15.5 million from July 31, 2018 and no debt.

Recent Business Highlights
On November 26, 2018, Zscaler was named a leader in Gartner Secure Web Gateways Magic Quadrant for the 8th year in a row.
Zscaler released inline Exact Data Match (EDM) with native SSL inspection as part of its Cloud Data Loss Prevention (DLP) service providing more precision while reducing the number of false positives. While traditional DLP-EDM solutions were designed for the “castle-and-moat” security model in a few data centers, Zscaler’s DLP-EDM service


The following information was filed by Zscaler, Inc. (ZS) on Tuesday, December 4, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
×

Membership Level change

You have selected the Paid Monthly membership level.

Get unlimited access to our online tools for reading 10-Ks and 10-Qs more efficiently including:

  • Positive & negative highlights info
  • No advertisements info
  • Direct links to disclosures info
  • Wider reading area info
  • Email notifications info
  • Stock screener info

The price for membership is $0.00 now and then $10.00 per Month after your 3 day trial.


Account Information Already have an account? Log in here

LEAVE THIS BLANK

Select a Payment Plan No contracts, cancel anytime

Payment Information We Accept Visa, Mastercard, American Express and Discover

/
(what's this?)
Your privacy is important to us - We do not rent or sell your personal information to third parties.
By creating an account, you are agreeing to our Terms and Privacy Policy

Log in with your credentials

or    

Forgot your details?

Create Account