Summary by Moomoo AI
Zscaler, a leader in cloud security, reported a significant increase in revenue for the six months ended January 31, 2024, reaching $1,021.7 million, up from $743.1 million in the same period last year. Despite this growth, the company incurred a net loss of $62.0 million, an improvement from the previous year's net loss of $125.6 million. The company's net loss per share also improved, dropping from $0.87 to $0.42. Zscaler's financial performance reflects a strong demand for its cloud platform services, with an increase in users and additional subscriptions from existing customers contributing to the revenue growth. The company's cost of revenue and operating expenses have risen, primarily due to expanded use of its cloud platform and increased headcount. Zscaler's gross margin remained...Show More