Zscaler boosts forward guidance above consensus after beating on fiscal Q3 revenue and non-GAAP EPS (update)
Zscaler press release (NASDAQ:ZS): Q3 Non-GAAP EPS of $0.17  beats by $0.06.
Revenue of $286.81M (+62.6% Y/Y)  beats by $15.33M.
Shares +10%.
Fiscal Q4 2022 Guidance: Total revenue of $304M to $306M vs. consensus of $291.30M.
Non-GAAP fiscal Q4 income from operations guided to $33M to $34M.

Non-GAAP fiscal Q4 net income per share guided to approximately $0.20 to $0.21, assuming approximately 146M to 147M common shares outstanding. That exceeds analysts' previous consensus estimate of $0.17.
For fiscal-year 2022 as a whole, Zscaler (ZS) boosted revenue guidance to some $1.078B from the $1.045B-$1.05B that it predicted three months ago.
Management also raised guidance for the full fiscal yearâs non-GAAP operating income to $106M-$108M, up from an earlier guide of $95M-$98M.
All in, the company increased its forecast of the full fiscal yearâs non-GAAP EPS to $0.64-$0.65, up from a previously estimated $0.54-$0.56. The latest guidance also exceeded analysts' previous $0.55 consensus EPS estimate.
However, ZS also cut its projection for the companyâs float as of the fiscal yearâs end to 147M-148M common shares outstanding. That's down from a previously projected 149M-150M.