Zscaler, Inc.
ZSQ1 2024(ZS Q2 FY2024)Estimated1% AI
AI Revenue %
1%
AI Fair Value
$102.2M
AI Revenue (Q)
$5.5M
Total Revenue (Q)
$553.2M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2024 10-Q (quarter ended January 31, 2024) is the first filing to reference 'AI and ML capabilities' in forward-looking statements. Revenue was $525.0M. Zscaler had begun marketing AI-powered features (ZDX Copilot announced in late 2023, AI-powered data classification, advanced threat detection). However, these are bundled into existing subscription packages, not separately priced AI products. No AI revenue figures disclosed. Conservatively estimating ~1% to reflect early-stage AI-branded premium features contributing incremental revenue within existing contracts. Math: ~$5.3M estimated AI / $525.0M total = ~1.0%.
Analyzed by claude-opus-4-6
Quoted Figures
our ability to develop new solutions, or enhancements to our existing solutions, including AI and ML capabilities, and bring them to market in a timely manner
10-Q Q2 FY2024, Forward-Looking Statements
Revenue $524,999
10-Q Q2 FY2024, Condensed Consolidated Statements of Operations
AI Products Identified (Ring 1)
ZDX Copilot (early)AI-powered threat detection (bundled)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Zscaler Internet Access (ZIA)Zscaler Private Access (ZPA)Zscaler Digital Experience (ZDX)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix