Zscaler (NASDAQ:ZS) has jumped 11% in early after-hours action following its fiscal Q1 results, where solid margin performance helped it beat on top and bottom lines and raise full-year guidance.
Revenues jumped 52% to $142.6M. Calculated billings rose 64% to $144.7M, and deferred revenue jumped 51% to $371.9M.
Operating income (non-GAAP) jumped to $19.7M from $3.7M.
And net losses widened on a GAAP basis, but non-GAAP net income rose to $20M from a year-ago $4.9M.
Cash from operations came to $53.5M (38% of revenue), up from $21.4M a year ago. Free cash flow was $42.2M (30% of revenue), up from $9.4M.
Liquidity came to $1.42B, up $45.4M from July 31.
For its fiscal Q2, it's guiding to revenues of $146M-$148M (above consensus for $140.3M) and EPS of $0.07-$0.08 (vs. consensus for $0.07).
For the full fiscal 2021, it sees revenues at $608M-$612M (well above expectations for $588.4M), calculated billings of $755M-$765M, and EPS of $0.37-$0.38 (again, well above consensus for $0.31).