Zscaler Inc Q4 2023 Earnings Call Summary - Thomson StreetEvents

Zscaler Inc Q4 2023 Earnings Call Summary

Zscaler Inc Q4 2023 Earnings Call Summary - Thomson StreetEvents
Zscaler Inc Q4 2023 Earnings Call Summary
Published Sep 05, 2023
13 pages (7391 words) — Published Sep 05, 2023
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Abstract:

Edited Brief of ZS.OQ earnings conference call or presentation 5-Sep-23 8:30pm GMT

  
Brief Excerpt:

...A. We are pleased with our strong performance in Q4 and solid execution, even with ongoing customer scrutiny of large deals. B. Revenue was $455 million, up 43% year-over-year and up 9% sequentially. C. ZPA product revenue grew 57% year-over-year. D. This will be the last quarter that we break out ZPA revenue separately as we are increasingly selling solution bundles that involve multiple product pillars. E. From a geographic perspective, Americas represented 53% of revenue, EMEA was 32% and APJ was 15%. F. For the full year, revenue was $1.62 billion, up 48% year-over-year. G. Our total calculated billings in Q4 grew 38% year-over-year to $719 million. H. On a sequential basis, total billings grew 49% quarter-over-quarter. I. Total billings benefited from a $20 million upfront billing on a multiyear deal. J. Our calculated current billings grew 33% year-over-year and 42% quarter-over-quarter. K. Our Remaining Performance Obligations, or RPO, grew 35% from a year ago to $3.51 billion. L....

  
Report Type:

Brief

Source:
Company:
Zscaler Inc
Ticker
ZS.OQ
Time
8:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Matthew George Hedberg - RBC Capital Markets, Research Division - Analyst : Congrats on the quarter. Jay, I was particularly impressed. Comments on emerging product success seems to be really kicking in here this year and even maybe more so next year. I was curious on workload protection. It seems to be resonating a lot of partner conversations, as you mentioned on the call. Maybe just a little bit more details on why that's resonating because I think if some of these add-on products continue to do what they're doing, it certainly opens up a much larger TAM than kind of the core ZIA, ZPA.


Question: Peter Marc Levine - Evercore ISI Institutional Equities, Research Division - Analyst : So maybe one just follow-up on the Gen AI opportunity. At your Analyst Day -- at your customer conference a couple of weeks ago, you announced the security autopilot. Maybe Remo for one, can you just put a finer point in terms of how you plan on monetizing that as usage based? Is it just an upsell to kind of the normal contract subscription? And then second to Jay is, your competitors are all saying the same thing in terms of your data is proprietary. Maybe a question to you is what do you think makes Zscaler's data proprietary? What's your competitive advantage when you go into an RFP versus, call it, like a Palo, wherever it might be, that your data is proprietary? There is a moat around your business. What would your answer to that be?

Table Of Contents

Zscaler Inc at Bank of America Global Technology Conference Transcript – 2024-06-05 – US$ 54.00 – Edited Transcript of ZS.OQ presentation 5-Jun-24 4:20pm GMT

Zscaler Inc at Piper Sandler Growth Frontiers Conference Transcript – 2023-09-12 – US$ 54.00 – Edited Transcript of ZS.OQ presentation 12-Sep-23 6:30pm GMT

Zscaler Inc at Goldman Sachs Communacopia + Technology Conference Summary – 2023-09-06 – US$ 54.00 – Preliminary Brief of ZS.OQ presentation 6-Sep-23 2:30pm GMT

Zscaler Inc at Goldman Sachs Communacopia + Technology Conference Transcript – 2023-09-06 – US$ 54.00 – Edited Transcript of ZS.OQ presentation 6-Sep-23 2:30pm GMT

Zscaler Inc Q4 2023 Earnings Call Transcript – 2023-09-05 – US$ 54.00 – Edited Transcript of ZS.OQ earnings conference call or presentation 5-Sep-23 8:30pm GMT

Zscaler Inc Investor Innovations Briefing Summary – 2023-06-15 – US$ 54.00 – Edited Brief of ZS.OQ corporate analyst meeting</ 15-Jun-23 6:00pm GMT

Zscaler Inc Investor Innovations Briefing Transcript – 2023-06-15 – US$ 54.00 – Edited Transcript of ZS.OQ corporate analyst meeting</ 15-Jun-23 6:00pm GMT

Zscaler Inc at Bank of America Global Technology Conference Summary – 2023-06-07 – US$ 54.00 – Edited Brief of ZS.OQ presentation 7-Jun-23 4:20pm GMT

Zscaler Inc at Bank of America Global Technology Conference Transcript – 2023-06-07 – US$ 54.00 – Edited Transcript of ZS.OQ presentation 7-Jun-23 4:20pm GMT

Zscaler Inc Q3 2023 Earnings Call Summary – 2023-06-01 – US$ 54.00 – Edited Brief of ZS.OQ earnings conference call or presentation 1-Jun-23 8:30pm GMT

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Thomson StreetEvents. "Zscaler Inc Q4 2023 Earnings Call Summary" Sep 05, 2023. Alacra Store. May 24, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2023-Zscaler-Inc-Earnings-Call-B15688568>
  
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Thomson StreetEvents. (2023). Zscaler Inc Q4 2023 Earnings Call Summary Sep 05, 2023. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2023-Zscaler-Inc-Earnings-Call-B15688568>
  
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