Zscaler, Inc. (ZS) Presents at UBS 2022 Global TMT Conference (Transcript)

Zscaler, Inc. (NASDAQ:ZS) UBS 2022 Global TMT Conference December 5, 2022 9:10 AM ET

Company Participants

Jay Chaudhry - Chairman & Chief Executive Officer
Remo Canessa - Chief Financial Officer

Conference Call Participants

Roger Boyd - UBS

Roger Boyd

All right. I think we're ready to start. So welcome all to the UBS TMT Conference. Very happy to have Zscaler here this morning. With us, we have Jay Chaudhry, CEO, Chairman and Founder; as well as Remo Canessa, CFO. So thank you, gentlemen, and welcome for being here.

Jay Chaudhry

Thank you.

Question-and-Answer Session

Q - Roger Boyd

So maybe we'll start with just an overview of the quarter. I think there was a lot of focus on some of the macro conditions. But on the other hand, there's a lot of positives to it. You signed a large bank deal. Can you just go through the top two or three highlights of the quarter and what really stood out to you in terms of strength?

Jay Chaudhry

Yes. I'll start and Remo can add up. I mean, you saw the numbers. We had strong billings growth. We had strong revenue growth. We had strong bottom line. Across the board, I thought we did quite well. It's true that there were macro pressures and more deal scrutiny. So it takes longer sometimes to close some of the deals because it no longer is up to the CIO. Sometimes some of these deals go through CFO and even CEO.

The good thing is our deals are important. We often work at the CIO level, which makes it a lot easier to get those deals done. In addition, we also have been doing what we call business value assessment that allows us to show our customers that we can eliminate a number of legacy point products