...A. Overview: Against difficult comparison, revenue and billings grew 54% and 37% YoverY, respectively. 1. Normalized for higher billings duration a year ago, billings grew 42% as customers embraced Zero Trust Exchange platform to secure digital transformation. a. 2. Disciplined approach to growth is enabling operating profits to grow 76% YoverY, with operating margins expanding by 150 BP YoverY. 3. Free cash flow margin 27%; once again placed performance above Rule-of-80. Combination of growth and profitability that Co. believes only 1% of public SaaS companies achieve. a. 4. As world's largest security cloud platform, has outstanding unit economics in business, reflecting high-90% gross retention rate and over 80% GMs. These industry-leading retention and margins are possible because of: a. i. Differentiated service. ii. Highly scalable multi-tenant cloud platform. 5. In Sept., Co. celebrated 15th anniversary. a. When cloud and mobility were in infancy, founded ZS with bold idea to transform...
