- Despite challenging market conditions, Zscaler Inc has exceeded market expectations with impressive performance in Q4.
- The company surpassed a $2B+ ARR milestone within a short period, reflecting robust growth potential.
In the throes of fluctuating market conditions, many corporations struggle to maintain momentum. However, some enterprises manage to successfully navigate these turbulent waters. Zscaler Inc (NASDAQ: ZS), a leader in cloud security, stands as a remarkable example, demonstrating resilience by surpassing market expectations excitingly.
Zscaler's financial journey narrates a story of consistent growth, even amid an unstable economy. The most recent show of their resilience came with their Q4 results. The company's revenue for the quarter increased by a solid 43% YoY to $455.01 million, outdoing the consensus estimate of $430.42 million. Moreover, the quarterly earnings stood at 64 cents per share, overtaking analyst predictions of 49 cents. With this incredible performance, Zscaler has set the tone for the first quarter, anticipating earnings of 48 to 49 cents per share, a figure that edges out the estimated 45 cents.
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