Zscaler reports higher Q2 operating expenses

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Zscaler (ZS) down as decelerating NRR overshadows Q2 beat and raised outlook

February 29, 2024 4:28 PM EST

Zscaler (NASDAQ: ZS) reported Q2 earnings and revenue that topped analysts' expectations and hiked its guidance for the full fiscal 2024.

Shares fell nearly 7% in premarket trading Friday.

For the FQ2 2024, the company posted EPS of $0.76, beating the consensus estimate of $0.58. Revenue for the quarter also surpassed projections, coming in at $525 million compared to the consensus estimate of $507.58 million.

ZS reported a 27% year-over-year increase in calculated billings, reaching $627.6 million.

Total operating expenses increased to $453.3 million during the period, up from $365.2 million in the same quarter last year.

For the upcoming third... More