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Zscaler, Inc. (ZS) CEO Jay Chaudhry Presents at Morgan Stanley Technology, Media and Telecom Conference (Transcript)

Mar. 02, 2021 9:01 PM ETZscaler, Inc. (ZS)
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Zscaler, Inc. (NASDAQ:ZS) Morgan Stanley Technology, Media and Telecom Conference March 2, 2021 3:30 PM ET

Company Participants

Jay Chaudhry - Chief Executive Officer & Founder

Remo Canessa - Chief Financial Officer

Bill Choi - Head of Investor Relations

Conference Call Participants

Keith Weiss - Morgan Stanley

Keith Weiss

Good afternoon, good morning. This is Keith Weiss coming at you from day two at the Morgan Stanley TMT Conference, our virtual format. And we're very pleased to have with us this afternoon from Zscaler, CEO, Founder, Jay Chaudhry; we have CFO, Remo Canessa; as well as Bill Choi, Head of IR with our Zscaler.

So thank you gentlemen for joining us. Before we get started, just a real brief disclaimer. For important research disclosures, please see our website www.morganstanley.com/researchdisclosures.

Question-and-Answer Session

Q - Keith Weiss

So just to really kick into this. We're looking at our CIO surveys and the like, even before solar storm the priority of security was rising in our surveys. And from my perspective, this was really about the disruption that people are seeing and how they're working and the increasingly distributed working style and it was pushing people that have to rethink how they're doing security.

And I think, in that rethink, in that progression and how we should be securing a distributed user, distributed data, distributed applications, Zscaler obviously did really well in that concern. In your most recent quarter you guys reported results last week, 71% billings growth and acceleration from 64% a quarter ahead.

Jay, can you talk to us about one what is that Zscaler is doing? And two, what is the trend that is resonating into? What has that change that your customers are trying to make that they're trying to evolve their systems to, that's matching up so well in the marketplace that is

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