Zscaler offers cloud security products such as cloud access security brokers (CASBs), secure web gateways (SWGs), and other tools to protect cloud networks, under a secure access service edge (SASE) architecture that is distributed across more than 150 data centers globally. Zscaler also offers cloud security posture management (CSPM) tools that enable organizations to identify misconfigurations and vulnerabilities across cloud-native workloads. As of May 2021, the company had more than 200 patents issued and pending, and served more than 5,000 customers including more than 25% of the Fortune 200.
For FY2021, Zscaler reported USD 673.1 million in revenues, reflecting a growth of 56% YoY. Zscaler’s adjusted operating income rose to USD 78 million, more than double the USD 38.2 million recorded during FY2020. For Q1 FY2022 (ended October 31, 2021), the company reported a revenue of USD 230.5 million, representing a year-over-year (YoY) growth of 62%. Management guidance for revenue for FY2022 stands in the range of USD 1 billion and USD 1.01 billion, which implies an YoY growth of 48.6% to 50.1%, respectively.
Zscaler has made several acquisitions including the cloud security startup Edgewise Networks, in May 2020 for an undisclosed amount, to enhance application-to-application communication security. In April 2020, the company acquired the CSPM startup Cloudneeti for an undisclosed amount, enabling Zscaler to expand its cloud security offering to offer CSPM solutions. Other notable acquisitions of the company include Trustdome, and Smokescreen Technologies in April 2021 and May 2021, respectively. The company commenced trading on the Nasdaq in March 2018, raising USD 192 million in its initial public offering (IPO).
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