Zscaler soft guidance overshadows Q1 earnings, revenue beat

Investing.com — Zscaler reported Monday softer current-quarter guidance that overshadowed better-than-expected fiscal first-quarter results and a lift to annual guidance.

Zscaler Inc (NASDAQ:ZS) fell about 7% in afterhours following the report. 

For the three months ended Oct. 31, the company reported Q1 EPS of $0.77 on revenue of $628 million, topping estimates for $0.63 and $605.4M, respectively.  

Calculated billings grew 13% year-over-year to $516.7M.

For Q2, adjusted EPS was forecast in a range of $0.68 to $0.69 on revenue of $633M to $635M, compared with estimates for $0.68 on revenue of $633.1M.

For full-year, adjusted EPS was forecast in a range of $2.94 to $2.99 on revenue of $2.62B to $2.64B, up from prior estimates for EPS of $2.81 to $2.87 on revenue of between $2.60B to $2.62B.