ZSCALER, INC. Reconciliation of GAAP to Non-GAAP Financial Measures (in thousands) (unaudited) Three Months Ended : Year Ended : July 31, July 31, 2019 : 2018 : 2019 : 2018 : Revenue … Zscaler Inc. reported a wider loss in the third quarter of 2019 helped by higher costs and expenses despite a 61% jump in revenue.However, the results exceeded analysts’ expectations. With the stock still trading for more than 20 times trailing sales, even after a steep decline, slowing growth is the last thing investors wanted to see.Zscaler also provided guidance for the fiscal first quarter:Zscaler grew revenue by 59% in fiscal 2019. Learn more at zscaler.com or follow us on Twitter @zscaler.We believe that the presentation of non-GAAP financial information provides important supplemental information to management and investors regarding financial and business trends relating to our financial condition and results of operations. For further information regarding why we believe that these non-GAAP measures provide useful information to investors, the specific manner in which management uses these measures, and some of the limitations associated with the use of these measures, please refer to the “Explanation of Non-GAAP Financial Measures" section of this press release.This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding our future financial and operating performance, including our financial outlook for the fourth quarter of fiscal 2019 and full year fiscal 2019. Additional information will also be set forth in other filings that we make with the SEC from time to time.
We also exclude certain litigation-related expenses consisting of professional fees and related costs incurred by us in defending against significant claims that we deem not to be in the ordinary course of our business and, if applicable, actual losses and accruals related to estimated losses in connection with these claims. Accordingly, a reconciliation for non-GAAP loss from operations and pro forma non-GAAP net loss per share is not available without unreasonable effort.For the full fiscal 2019, we expect:Sign up for email alerts to receive company updates. "As enterprises move their applications to the cloud, the security needs to move to the cloud as well. For the second quarter of fiscal 2019, we expect:This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding our future financial and operating performance, including our financial outlook for the second quarter of fiscal 2019 and full year fiscal 2019.