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Zscaler, Inc. (ZS) CEO Jay Chaudhry Presents at The Truist Securities Technology, Internet & Services Conference (Transcript)

Mar. 09, 2021 3:21 PM ETZscaler, Inc. (ZS) Stock
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Zscaler, Inc. (NASDAQ:ZS) The Truist Securities Technology, Internet & Services Conference March 9, 2021 1:00 PM ET

Company Participants

Jay Chaudhry - Chief Executive Officer

Remo Canessa - Chief Financial Officer

Bill Choi - Senior Vice President-Investor Relations and Strategic Finance

Conference Call Participants

Joel Fishbein - Truist Securities

Joel Fishbein

Good morning and good afternoon, everybody. My name is Joel Fishbein from Truist Securities. I want to welcome you to our Truist Tech Conference 2021.

I have to read a disclaimer before we get started. So I need to read this. This call is arranged by Truist Securities Research for use by institutional investors and issuer clients as defined by FINRA. If you are not an institutional investor or issuer, please disconnect at this time. For required disclosures, please see our website at truistsecurities.com or our equity research library.

On today's call, I'm very pleased to have Jay Chaudhry, CEO of Zscaler and Remo Canessa, CFO; and also Bill Choi.

Jay is the CEO of Zscaler, which a firm he founded in 2008. It went public in 2018. Jay is experienced and accomplished entrepreneur having founded a series of successful companies, including AirDefense, CipherTrust, CoreHarbor and Secure IT.

He's got over 25 years of security industry experience and -- including sales engineering, sales marketing and management experience and leading organizations such as IBM, NCR and Unisys. He's got a quite unique background. And the one part that I would like to share with you is, Jay actually bootstrapped Zscaler and it was a long time before he took money to scale the business.

That being said, the company is firing on all cylinders coming off a great quarter with revenues growing 55%, calculated billings growing 71%, deferred revenues growing 60%, ending RPO over $1 billion growing 68% and the dollar-based net retention rate, which actually accelerated

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