Zscaler guidance tops estimates after Q3 results beat

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Zscaler Inc (NASDAQ:ZS) fell more than 1% in afterhours following the report. 

The company reported EPS of $0.48 on revenue of $418.8 million, topping estimates for $0.42 and $411.7M, respectively.  

Calculated billings grew 40% year-over-year to $482.3M

Looking ahead, the company forecasts adjusted net income per share of approximately $0.49 on revenue of $429M to $431M, compared with estimates for $0.47 on revenue of $426.8M.

For 2023, adjusted net income per share was forecast in a range of $1.63 to $1.64 on revenue of $1.591 billion to $1.592B.