Zscaler Inc.


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Zscaler, Inc. managed to exceed analyst expectations in terms of revenue as well as earnings amidst a challenging macro environment. Despite the traditionally slower quarter, the company executed well, achieving a significant high for the number of new logo customers with over $1 million in ARR. The quarter showcased three pivotal factors driving Zscaler’s strong performance. Firstly, there was a notable increase in large new logo wins, with 14 new logos contributing over $1 million ARR. Secondly, customers’ adoption of Zscaler’s broader platform, consolidating multiple-point products, led to an increase in the average deal size. Thirdly, the US Federal sector saw outstanding growth, with new business up over 90% YoY. Amid the evolving cybersecurity landscape, they addressed key priorities for CISOs in 2024, emphasizing Zero Trust architecture and protection against Gen AI risks. The company enhanced data and protection policies for AIML applications, providing advanced threat protection to detect complex exploits and phishing attacks. Zscaler’s differentiated value was evident in customer wins where organizations transitioned from firewall-based SASE solutions to Zscaler’s purpose-built Zero Trust Exchange platform. The company’s AI-powered insights and innovative products like Risk360 and breach predictor reflected a forward-looking approach to addressing evolving cybersecurity challenges.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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